The Southern District Court of New York has subpoenaed TRON (TRX) founder Justin Sun regarding the U.S. Securities and Exchange Commission (SEC) case and required him to respond within 21 days.
The US District Court for the Southern District of New York stated in court documents Wednesday (April 12) that Justin Sun sent a subpoena regarding the SEC case. The subpoena in question was filed by the SEC with Sun. illegal sale of securities covers.
According to the court, Sun within 21 days SEC attorney Adam Gottlieb You need to contact and respond. If the founder of TRON does not respond, “default judgment” will be issued, which means that penalties for alleged securities law violations begin to apply.
However, the SEC did not approve of the rapper who was associated with Sun from the very beginning. Soulja Boy and YouTuber Austin MahoneHe also invited him to court under the same summons. Specific to TRX of the persons in question manipulative promotions It is believed that he did it and misled investors.
At the end of March, both Justin Sun and Sun-related 3 different companies lawsuit was filed. A few weeks after the lawsuit, Sun’s Hong KongIt did not go unnoticed that he went to .
On the other hand, the founder, in his statement after the news of the lawsuit, stated that he believed the accusations were unfounded and that they would continue to establish a decentralized financial system.