Sun Yuchen claims “lack of jurisdiction” to request court to dismiss lawsuit, SEC counters: Spent 380 days in the US over 3 years for pyramid scheme!

According to a previous report by Zombit, the US Securities and Exchange Commission (SEC) filed a lawsuit last month against Justin Sun and the entities associated with him, including Tron Foundation, BitTorrent Foundation, and BitTorrent (now known as Rainberry), for illegally selling Tron (TRX) and BitTorrent (BTT) tokens. In the documents, the SEC described these two tokens as “unregistered cryptographic asset securities.”