Binance.US Delists TRX (TRON) Token

Binance.US has announced the delisting of Tron’s TRX token, following a lawsuit from the U.S. Securities and Exchange Commission against the cryptocurrency project's founder, Justin Sun.

The SEC has charged Sun with fraud, selling unregistered securities, and market manipulation related to the TRX token. As a result, Binance.US ended trading for TRX on April 18th and the price of the coin dropped over 6% in the markets.

In a statement, Binance.US stated, "We operate in a rapidly evolving industry and our digital asset monitoring process is designed to be responsive to market and regulatory developments. When a digital asset no longer meets our high standards, or industry circumstances change, we conduct a more in-depth review of the affected asset and assess whether further action is necessary."