Tron Foundation and Justin Sun Request Dismissal of SEC Lawsuit

The Tron Foundation and Justin Sun are fighting back against the SEC, seeking dismissal of a lawsuit that accuses them of unregistered offer and sale of crypto asset securities. They argue that the US court lacks jurisdiction over them as foreign entities and that the SEC’s application of US securities laws to primarily foreign activities is unwarranted. The defense also cites the major questions doctrine, suggesting that the SEC’s approach lacks clear congressional authorization due to ongoing uncertainty around digital asset regulation. This legal battle highlights the ongoing debate over the reach of US securities laws in the crypto industry.