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Source: cointelegraph, JESSE COGHLAN
The US SEC readjusted its lawsuit against Tron founder Justin Sun, claiming that he “traveled frequently across the United States” and therefore granted him jurisdiction.
The SEC said it wrote in an amended complaint filed with a federal court in Manhattan on April 17 that it has “personal jurisdiction” against Justin Sun, Tron and two other businesses under his control because they “purposely in the United States.”Take action and point to the United States”.
The SEC claims that Justin Sun traveled in the United States for more than 380 days between 2017 and 2019, including New York City, Boston, Massachusetts, and San Francisco.
The SEC claims that these business trips were conducted on behalf of the Tron Foundation, the BitTorrent Foundation and Rainberry — all of which were called Justin Sun’s “stand-alone companies” in the lawsuit.
The SEC reiterated the allegations in the plaintiff’s notice last month, saying that Justin Sun and his business sold unregistered securities through Tron TRX tokens and BitTorrent (BTT) tokens, and said Justin Sun was involved in “manipulating volume-brushing transactions.”
The SEC specifically notes that TRX and BTT are promoted, offered and sold to “consumers and investors located in the United States.”
It added: “Justice Sun frequently travels to the United States during the period when TRX and BTT were promoted, offered and sold.”
It also claims that Justin Sun’s so-called TRX money laundering transaction took place on Seattle’s cryptocurrency exchange Bittrex.
At the end of March, Justin Sun, a Chinese-born Grenada citizen, asked to dismiss the lawsuit, saying the SEC applied the U.S. securities law to “mainly foreign acts” and had no jurisdiction over him or the Singapore-based Tron Foundation.
Justin Sun claimed that TRX and BTT tokens were “sold entirely overseas” and the sales took steps to avoid the U.S. market — he added that the SEC did not accuse the tokens “initially offered or sold to any U.S. residents.”
Sun Yuchen’s lawyer has not immediately responded to a request for comment.
