His (former?) Excellency Justin Sun has been charged by the US Securities and Exchange Commission for offering unregistered securities. His businesses, the Tron Foundation and two BitTorrent-related entities, were also named in the complaint. According to the SEC, Sun offered the unregistered securities TRX and BTT, and "fraudulently manipulat[ed] the secondary market for TRX through extensive wash trading". He also allegedly "orchestrat[ed] a scheme to pay celebrities to tout TRX and BTT without disclosing their compensation".