TL;DR

• Justin Sun and others are being sued by the SEC, for the sale of tronix (TRX) and bitTorrent (BTT) tokens, which it considers unregistered crypto securities.

• As for Jake Paul, he’s copping it for promoting TRX and/or BTT tokens, without disclosing he was being paid to do so.

Full Story

Never thought you’d find yourself cheering on the SEC?

Take this beer. Hold it for us.

You got it? Nice n tight? Ok, now…

Try this one on for size:

Jake Paul is being sued by the SEC, along side Justin Sun (the founder of  TRON ).

The SEC said in a press release, that it was suing:

• Justin Sun

• The Tron Foundation

• The BitTorrent Foundation

• And BitTorrent (now known as Rainberry)…

For the sale of tronix (TRX) and bitTorrent (BTT) tokens, which it considers unregistered crypto securities.

As for Jake Paul, he’s copping it for promoting TRX and/or BTT tokens, without disclosing he was being paid to do so.

But just as fast as it began for Jake, it’s now over - according to a press release, he’s already settled outside of court.

Ok, we’ll take that beer back now…