According to Foresight News, Tron has requested the dismissal of a lawsuit filed by the U.S. Securities and Exchange Commission (SEC), arguing that the SEC has no jurisdiction over digital assets sold to foreign users on a global platform. Tron claims that the token sales were 'entirely overseas' and that measures were taken to avoid the U.S. market. The SEC has not accused Tron of initially selling or offering the tokens to any U.S. residents, nor has it identified any victims.
In a previous report by Foresight News, the SEC issued electronic subpoenas to Justin Sun, Tron Foundation, BitTorrent Foundation, and BitTorrent in March last year, accusing them of illegally selling unregistered securities, fraud, and market manipulation.