The UK’s Financial Conduct Authority (FCA) has filed a civil lawsuit in London’s High Court against several entities linked to #HTX (formerly Huobi), accusing them of illegally promoting crypto services to UK consumers. HTX is publicly connected to Tron founder #JustinSun , now serving as an advisor. While Sun himself hasn’t been formally named, the case triggered a sharp drop in #TRX price in recent hours as investors reacted to renewed legal pressure on the HTX–Tron ecosystem.

In the short term, $TRX faces downside risk as traders price in potential regulatory fallout, though the magnitude may depend on HTX’s response and Sun’s level of involvement. The case underscores regulators’ tightening stance toward unlicensed crypto promotions in the UK.

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