In a significant development within the crypto industry, two former FTX supporters have resolved their differences to better serve the sector, even as Justin Sun, the founder of TRON, is given a 21-day ultimatum by the U.S. Securities and Exchange Commission (SEC) to respond to a market manipulation lawsuit.

In a rare display of unity, the two unnamed ex-supporters of FTX, who had previously been involved in a public feud, have reportedly decided to bury the hatchet for the greater good of the crypto community. This reconciliation comes at a time when the industry is witnessing heightened scrutiny from regulatory authorities and increasing interest from institutional investors, highlighting the need for a more collaborative and unified approach among stakeholders.

The rekindled relationship between the two former FTX allies is expected to bring about positive change, facilitating better cooperation and fostering a more stable and supportive environment for the rapidly evolving industry.

Meanwhile, the crypto community is keeping a close eye on Justin Sun, the founder of TRON and CEO of BitTorrent, who has been given a 21-day ultimatum by the SEC to respond to a market manipulation lawsuit. The lawsuit alleges that Sun and other defendants have engaged in market manipulation, resulting in significant losses for investors. Sun now faces the challenge of providing a satisfactory response to the SEC to avoid potential legal repercussions.

The SEC’s action against Sun highlights the regulatory body’s continued focus on ensuring market transparency and protecting investors. As the crypto space continues to expand, authorities worldwide are taking steps to establish clear guidelines and regulations to curb illicit activities and foster a safe environment for investors and market participants.

As the industry evolves, the importance of collaboration and unity among its members cannot be understated. The reconciliation between the two former FTX supporters is a positive step in that direction, and it is hoped that such actions will encourage others to follow suit, leading to a more harmonious and prosperous ecosystem for all.

In conclusion, the crypto industry is witnessing a mix of collaboration and regulatory scrutiny. The reconciliation between the former FTX supporters indicates the importance of unity and cooperation in an ever-changing landscape. Simultaneously, the 21-day ultimatum given to Justin Sun by the SEC serves as a reminder of the growing need for compliance and adherence to regulatory guidelines, ensuring the long-term growth and stability of the industry.