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Tron’s TRX token has been removed from Binance.US.
This decision follows the lawsuit filed by the U.S. Securities and Exchange Commission against Justin Sun in late March, which includes allegations of selling and airdropping unregistered securities, fraud, and market manipulation related to the TRX token.
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According to CoinDesk market data, TRX fell by 6.4% following this announcement.
Binance.US has stated that trading for TRX will cease on April 18.
“We function in a swiftly changing industry, and our digital asset monitoring process is intended to respond to market and regulatory changes. When a digital asset fails to meet our stringent standards, or when industry conditions shift, we perform a more thorough evaluation of the asset in question and determine if additional actions are warranted,” Binance.US mentioned on its page regarding the delisting.
A representative for Tron indicated that they are in discussions with Binance.US about this matter and have no additional comments at this moment.
