TRON Foundation, Justin Sun Ask U.S. Court to Dismiss SEC Laws | Crypto Calendar News
TRON Foundation, Justin Sun Ask U.S. Court to Dismiss SEC Lawsuit
The TRON Foundation and Tron founder Justin Sun asked a New York court to dismiss a lawsuit from the U.S. Securities and Exchange Commission (SEC), saying the regulator failed to establish that the court has jurisdiction over the foreign defendants, a March 28 filing shows. "Its efforts to leverage highly attenuated contacts to the United States, to extend U.S. securities laws to cover predominantly foreign conduct, go too far and should be rejected.".
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