Tron is fighting against the SEC in court, saying the agency lacks authority over its global operations.
The SEC accuses Tron of selling unregistered securities and engaging in wash trading, but Tron denies the allegations.
The Tron Foundation, the entity behind the layer-1 blockchain Tron, has filed a motion to dismiss a lawsuit brought by the United States Securities and Exchange Commission (SEC) in a New York federal court. Tron asserts that the SEC’s attempt to apply U.S. securities laws to activities predominantly conducted outside the United States exceeds its regulatory authority.
Furthermore, Tron argues that secondary token sales on a U.S.-based platform serving global users do not automatically render the tokens subject to U.S. securities laws.
Tron emphasized in its complaint the SEC’s lack of global regulatory authority. The Tron Foundation sought to support its request by highlighting the global reach of its operations and clientele in its March 28th move for dismissa

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