The SEC accused Justin Sun of frequently traveling to the United States to sell tokens
2024-04-19 06:45:21
On April 19, the SEC amended its lawsuit against Tron founder Justin Sun, claiming that he traveled frequently in many places in the United States, thus giving the court jurisdiction. The SEC accused Justin Sun and his company of selling unregistered securities through Tron and BitTorrent (BTT) tokens and conducting manipulative money laundering transactions. The SEC alleges that Justin Sun spent more than 380 days in the United States between 2017 and 2019, traveling to places such as New York, Boston, and San Francisco. Justin Sun said that the token sales were conducted entirely overseas, avoiding the US market, so the SEC has no jurisdiction over him and the Singapore-based Tron Foundation.
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