The US Securities and Exchange Commission has requested a court to postpone its lawsuit against entrepreneur Justin Sun and his cryptocurrency firm, the Tron Foundation. In a filing on February 26th with a Manhattan federal court, the SEC, Sun, and three of his companies agreed to halt proceedings while exploring potential resolution paths. The filing states that ‘the Parties move to stay this case to allow the Parties to explore a potential resolution,’ highlighting shared interest in finding an amicable solution. The SEC and Sun have requested a 60-day window for both sides to submit updates if the request is granted. This lawsuit, initiated in March 2023, targets Sun and his firms for alleged unregistered securities sales through the sale of TRX and BTT crypto tokens. The SEC alleges these companies sold unregistered securities through the sales of Tron (TRX) and BitTorrent (BTT). This story continues to develop, with further details expected as they become available.