SEC halts fraud prosecution of Chinese national who sent Trump millions
Chinese crypto entrepreneur Justin Sun purchased $30 million in crypto tokens from World Liberty Financial (WLF), a new venture backed by Donald Trump and his family.
Sun’s purchase resulted in a cash windfall for Trump.
On Wednesday, the Securities and Exchange Commission (SEC) and Sun sent a joint letter to a federal judge, asking for a stay of Sun's case.
Today, the judge grantedthe SEC's request.
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