Svmuu News: The U.S. Securities and Exchange Commission (SEC) is set to dismiss its lawsuit against cryptocurrency industry figure Justin Sun.The SEC sued Justin Sun in 2023, alleging that he sold unregistered securities through the Tron Foundation, BitTorrent Foundation Ltd., and Rainberry Inc., which he controlled, and artificially inflated Tronix trading volume by instructing employees to conduct over 600,000 wash trades between accounts under his control.Under the settlement terms, the SEC will dismiss all charges against Justin Sun, while Rainberry has agreed to pay a $10 million civil penalty without admitting or denying the allegations. The settlement agreement is still subject to court approval.Justin Sun posted on X, stating he was “very happy” that the SEC had dropped the charges. Since Donald Trump returned to the White House, the SEC has withdrawn or suspended at least a dozen cases against crypto companies, including previous lawsuits against Coinbase and Binance.