Coin

<ul class="news-points"> 
 <li>Justin Sun’s Tron Blockchain requests the court to dismiss the lawsuit filed by the SEC.</li> 
 <li>The platform claims that the SEC doesn’t have the authority to intrude into Tron’s foreign digital asset offerings to foreign purchasers.</li> 
 <li>Tron asserts that the SEC is not a worldwide regulator and that its regulatory attempts exceeded its limits.</li> 
</ul> 
Justin Sun’s Tron Blockchain has recently <a href="https://storage.courtlistener.com/recap/gov.uscourts.nysd.596044/gov.uscourts.nysd.596044.55.0.pdf" target="_blank" rel="nofollow">approached</a> the New York Federal Court to dismiss a lawsuit filed by the Securities and Exchange Commission (SEC). The platform requested the court to dismiss the case under the major questions doctrine, pointing out that the SEC does not hold autocratic authority over the crypto space. 
Tron’s key focus was the regulator’s intrusion into the platform’s “foreign digital asset offerings to foreign purchasers on global platforms.” The blockchain firm argued that the regulator’s attempt to apply US security laws to “predominantly foreign conduct” was beyond the authority of the SEC. While the SEC isn’t a “worldwide regulator,” its intrusion into foreign affairs exceeds its limits, Tron added. 
The SEC filed a<a href="https://x.com/SECGov/status/1638634332242980864?s=20" target="_blank" rel="nofollow"> lawsuit</a> against Justin Sun and three of his companies…
The post <a href="https://coinedition.com/justin-suns-tron-requests-court-to-dismiss-the-sec-lawsuit/">Justin Sun’s Tron Requests Court to Dismiss the SEC Lawsuit</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Justin Sun’s Tron Requests Court to Dismiss the SEC Lawsuit

Coin Edition

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