Tron’s Justin Sun Calls SEC Claims of Illegal Crypto Securities ‘Lack of Merit’

justin sun, founder of Tron Foundationreplied to one Securities and Exchange Commission The complaint states that he was allegedly engaged in “manipulative trading and illegal promotion of crypto asset securities”.

What happened: Sun said in a tweet on Wednesday that the SEC’s civil complaint is “the latest example of action taken against well-known players in the blockchain and crypto space.”

“We believe that there is no merit in the complaint,” he added.

In a court filing filed on Wednesday, the SEC named Sun, the Tron Foundation and the BitTorrent Foundation as well as Rainberry in connection with the offer and sale. tron TRX/USD And bittorrent btt/usd,

The SEC also alleges that Sun engaged in “manipulative wash business practices,” using celebrities to drive public interest in the token.

See more, Top Indian Apps That Offer Bitcoin, NFT Rewards

Sun defended himself by citing the example of Dominica, which recently adopted TRX and BTT as legal tender. “It is no secret that the SEC’s regulatory framework for digital assets is still in its infancy and needs further development,” he said.

Price Action: At the time of writing, TRX is trading at $0.060, down 9.60% over the past 24-hours. According to Benzinga Pro.

Read more: Bitcoin, Ethereum, Dogecoin Slide After Fed Hike: Analyst Sees Apex Crypto ‘Consolidation Before Decline’ at This Key Level

Source link

Leave a Comment