Summary
TRON, Justin Sun, and Rainberry request dismissal of SEC lawsuit, claiming transactions were conducted overseas and lacked clarity on digital asset regulation. SEC accused them of selling unregistered securities through ICO in 2017. SEC brought 46 enforcement actions related to cryptocurrency in 2023, marking a significant increase in regulatory scrutiny.
Key Points
1. TRON, Justin Sun, and Rainberry have requested the dismissal of a lawsuit filed by the SEC, arguing that all transactions were conducted overseas.
2. The lack of clear guidance on digital asset regulation is highlighted by TRON and its co-defendants, emphasizing the need for more clarity to comply with regulations.
3. The SEC’s aggressive enforcement actions in 2023 included bringing 46 enforcement actions related to cryptocurrency, marking a significant uptick in regulatory scrutiny.