While Tron's legal team attempt to steer clear from accusations that Justin Sun was behind entities promoting an illegal money-making scheme, the SEC was quick to poke holes in the argument.
The U.S. securities regulator charged several well-known celebrities, including actress Lindsay Lohan and social media personality Jake Paul, with participating in paid promotional schemes for digital assets without disclosing their compensation.
The SEC claims TRX and BTT prices were driven by "wash trading," Sun and his employees manipulated prices for those assets with over 4.5 - 7.4 million tokens used in 600,000 fake trades between 2018 and 2019.
It appears that interest in Tron is waning from both a financial and a social point of view.
