Tron’s Parent Company Seeks Dismissal of SEC Lawsuit, Citing ‘Predominantly Foreign Conduct’ The entity behind the layer-1 blockchain Tron has requested the dismissal of a lawsuit filed by the United States Securities and Exchange Commission (SEC) against it, arguing that the regulator’s focus on “predominantly foreign conduct” goes beyond its jurisdiction.
In a
dismissal motion filed on March 28 in a New York federal court, the Tron Foundation stated that the SEC’s attempt to apply US security laws to predominantly foreign activities exceeds the regulator’s authority as it is not a global regulatory body... Read more
here.
This time, SEC got accused for going too far by Tron's parent company. I also notice SEC has been busy recently with how many legal news around SEC and cryptocurrency company. Your opinion is greatly appreciated.