SEC After Binance and its founder CZ, while continuing its pressure on the cryptocurrency industry Tron founder Justin SunHe also filed a lawsuit against.
In this lawsuit filed against Justin Sun, the SEC Tron (TRX) and BitTorrent (BTT) He made a new claim while accusing him of selling unregistered securities through his tokens.
While Justin Sun’s lawyers requested the dismissal of the case on the grounds that the SEC did not have authority over the Singapore-based Tron Foundation, the SEC made a new move against this request. Sun “travels extensively” in the US defended.
SEC, “At this point, Sun traveled within the United States for a total of at least 380 days between 2017 and 2019 and intentionally operated in the United States, stating that Tron and two other businesses fell within his jurisdiction.” claims.
Justin Sun’s response to these allegations of the SEC was not delayed. Disputing the SEC’s assertion of jurisdiction, Sun said: TRX and BTT He argued that the token sales were carried out entirely outside the USA and were not aimed at the US market.
Justin Sun states that the SEC does not have jurisdiction over him or the Singapore-based Tron Foundation, emphasizing that the securities violations alleged by the SEC occurred outside the borders of the United States.
*This is not investment advice.
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