Cryptocurrencies

    TRON and Justin Sun seek dismissal of SEC lawsuit over alleged unregistered securities sales

    Article Image

    TRON, alongside its founder Justin Sun and affiliated company Rainberry Inc., is moving to dismiss a lawsuit filed by the SEC.

    The legal challenge accuses them of engaging in sales of unregistered securities.

    The motion for dismissal is underlined by arguments citing that the transactions in question occurred outside the United States, and points to the unclear regulations governing such matters.

    This development adds another layer to the ongoing conversation about the regulation and classification of digital assets.

    Disclaimer

    Grafa is not a financial advisor. You should seek independent, legal, financial, taxation or other advice that relates to your unique circumstances. Grafa is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on the information provided directly or indirectly by use of this platform.

    Publisher
    Grafa