Summary
SEC amends lawsuit against Tron founder Justin Sun, claiming jurisdiction due to his US business dealings. Allegations include promoting unregistered securities to US investors and engaging in manipulative trading practices. Despite the legal battle, TRX and BTT token prices remain stable. Sun’s defense emphasizes the need for clear regulatory framework in the digital asset market.
Key Points
1. The SEC has intensified its legal stance against Justin Sun, founder of Tron, by amending its lawsuit to establish jurisdiction based on Sun’s extensive travel and business dealings within the US.
2. The revised lawsuit seeks to establish “personal jurisdiction” over Sun, Tron, and two additional companies he oversees, claiming that they purposefully engaged in actions that targeted the US, including promoting and managing transactions for Tron (TRX) and BitTorrent (BTT) tokens during Sun’s visits to key US cities.
3. Despite the SEC’s amendment and legal confrontation, the impact on the prices of TRX and BTT tokens has been minimal, with TRX dipping slightly by 0.52% and BTT seeing a modest increase of 2.5% over the past 24 hours.