SEC argues Tron founder Justin Sun's case falls under US jurisdiction due to extensive travel to the country
The U.S. Securities and Exchange Commission (SEC) has amended its lawsuit against Tron founder Justin Sun, arguing that the case falls under the country's jurisdiction due to his extensive travel to the U.S. The SEC noted that Sun spent around 380 days in the U.S. from 2017 to 2019 and stayed at an apartment rented by one of the firms named in the lawsuit. The lawsuit alleges that Sun and his companies offered unregistered securities in the form of Tronix (TRX) and BitTorrent (BTT) cryptocurrencies, manipulated the secondary market for TRX, and paid celebrities to promote TRX and BTT without disclosing their compensation. Sun has denied the allegations and filed to have the lawsuit dismissed.
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