TRON Seeks Dismissal of SEC Lawsuit Alleging Unregistered Securities Sales
• The TRON Foundation asked a NY court to dismiss an SEC lawsuit against it and Justin Sun • The March 2023 case alleges selling & airdropping unregistered securities, fraud, and market manipulation • TRON Foundation argues the SEC lacks jurisdiction and overreaches with "attenuated" US ties • Rainberry, based in California, didn't contest jurisdiction but asked for dismissal on other grounds • Filing says SEC lacks congressional authorization for its "unprecedented" global regulation of crypto