Tron’s TRX token has been delisted on Binance.US.
This comes weeks after the U.S. Securities and Exchange Commission sued Justin Sun in late March over allegations of selling and airdropping unregistered securities, fraud, and market manipulation involving the TRX token.
TRX dropped 6.4% on the news, according to CoinDesk market veri.
Binance.US says trading for TRX will end on April 18.
“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,” Binance.US said on its page announcing the delisting.
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A spokesperson for Tron said that they are in communication with Binance.US over this and has no further comment at this time.