Justin Sun, the founder of Tron, along with the Tron Foundation and other involved parties, have submitted a motion to dismiss a lawsuit filed against them by the US Securities and Exchange Commission (SEC).

Their argument for dismissal hinges on claims of insufficient "jurisdiction" and lack of "regulatory guidance" regarding the case.

This legal battle commenced a year prior when the SEC accused the defendants of offering securities without proper registration.

The motion presented by Sun and his associates challenges the SEC's allegations, emphasising the regulatory ambiguities and jurisdictional issues as central to their defense strategy.