Tron Price Analysis





Fundamentals





Justin Sun is known for his aggressive marketing. However, considering that he is behind one of the most liquid coins in TRX that supporters claim is a utility; his approach is fodder for critics. On one end, the SEC may be relaxing their rules allowing for the sake of innovation.





Through the Director of Corporation Finance William Hinman, the US SEC announced a leeway. He said projects that even pushed the agency’s boundaries could in a flip turn from being a security to a utility. But there is a catch. It is only applicable for projects that can demonstrate use case. Only then will the agency issue a no-action letter even if it is in progress.





While this will be a relief for crypto projects fundraising via Tron or any other platform, whether TRX remains a security within the US is still a sticky topic. No doubt, comments from Justin do affect prices in one way or another. That’s on top of centralisation questions and the general fractured market where regulators find themselves in a dilemma. The matter of balancing regulation without sacrificing technology and innovation will always be a tough nut for regulators.

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