The United States Securities and Exchange Commission (SEC) has filed an amended complaint in its ongoing lawsuit against Tron founder Justin Sun, asserting that it has “personal jurisdiction” over him and his associated companies due to their extensive activities directed toward the US.
The move comes after Sun sought to dismiss the suit last month, arguing that the regulator had no jurisdiction over him or the Singapore-based Tron Foundation.
TLDR
- The SEC has amended its lawsuit against Justin Sun, claiming it has “personal jurisdiction” over him and his companies due to their actions directed toward the US.
- Sun allegedly spent over 380 days in the US between 2017 and 2019, making business trips to New York City, Boston, and San Francisco on behalf of the Tron Foundation, BitTorrent Foundation, and Rainberry.
- The SEC claims that TRX and BTT tokens were promoted, offered, and sold to consumers and investors in…