According to Foresight News, the U.S. Securities and Exchange Commission (SEC) has amended its lawsuit against Sun Yuchen and his company. The SEC alleges that Sun Yuchen and his company sold unregistered securities through Tron and BitTorrent (BTT) tokens and engaged in manipulative money laundering transactions. The SEC stated that Sun Yuchen stayed in the United States for more than 380 days between 2017 and 2019, with business trips to New York, Boston, and San Francisco.
In previous news from Foresight News, Tron requested the dismissal of the SEC lawsuit, arguing that it had no jurisdiction over 'digital assets sold to foreign users on a global platform'. Tron stated that the token sales were 'entirely overseas' and the measures taken were to avoid the U.S. market. The SEC did not accuse them of 'initially selling or selling to any U.S. residents', nor did it point out any victims.