Tron 在治外法權駁回動議中藐視 SEC

Tron 區塊鏈背後的實體 Tron 基金會已提交動議，駁回美國證券交易委員會 (SEC) 提起的訴訟。該動議認為，美國證券交易委員會缺乏監管 Tron 主要由外國代幣發行的權力，而這些代幣不符合美國證券法規定的投資合約。 Tron 還駁斥了 SEC 關於操縱交易和未公開的名人促銷的指控。

Tron's Bold Challenge to SEC Lawsuit: Asserting Extraterritorial Overreach

Tron 對 SEC 訴訟的大膽挑戰：主張域外越權

In a resolute move, Tron, the entity behind the eponymous layer-1 blockchain, has filed a comprehensive motion in a New York federal court, seeking the dismissal of a lawsuit brought against it by the United States Securities and Exchange Commission (SEC). Tron's defense hinges on a fundamental argument: the SEC's assertion of authority over transactions that predominantly occurred outside the United States constitutes an impermissible extraterritorial reach.

作為一個堅決的舉措，同名第一層區塊鏈背後的實體 Tron 已向紐約聯邦法院提交了一份全面動議，尋求駁回美國證券交易委員會 (SEC) 對其提起的訴訟。 Tron 的辯護取決於一個基本論點：美國證券交易委員會對主要發生在美國境外的交易的權威主張構成了不允許的域外影響。

SEC's Global Reach: A Step Too Far?

SEC 的全球影響力：是否太過了？

"The SEC is not a worldwide regulator," Tron declares in its dismissal motion, filed on March 28. The SEC's attempt to apply U.S. security laws to actions that primarily took place abroad oversteps its authority, Tron argues.

Tron 在3 月28 日提交的駁回動議中宣稱，「美國證券交易委員會不是一個全球性的監管機構。」Tron 認為，SEC 試圖將美國安全法適用於主要發生在國外的行為，這超出了其權力範圍。

Tron's Foreign Transactions: Beyond SEC's Grasp

Tron 的海外交易：超出 SEC 的掌握

Tron maintains that the sale of its TRX and BTT tokens occurred exclusively outside the United States, with deliberate measures taken to avoid the U.S. market. The SEC's contention that subsequent secondary token sales on a U.S.-based platform constitute unregistered U.S. securities is, according to Tron, "tenuous at best."

Tron 堅稱，其 TRX 和 BTT 代幣的銷售僅發生在美國境外，並刻意採取了避開美國市場的措施。 Tron 表示，美國證券交易委員會認為美國平台上隨後進行的二級代幣銷售構成未註冊的美國證券，這一點「充其量是站不住腳的」。

Investment Contract Classification: A Failed Test

投資合約分類：失敗的測試

Even if the SEC were to possess authority over the matter, Tron contends that its tokens do not meet the criteria for classification as investment contracts under the Howey test, the standard for determining the existence of a security under U.S. law.

即使美國證券交易委員會對此事擁有權威，Tron 仍聲稱其代幣不符合 Howey 測試下的投資合約分類標準，Howey 測試是美國法律確定證券是否存在的標準。

Wash Trading and Celebrity Endorsements: Baseless Allegations

清洗交易和名人代言：毫無根據的指控

Tron dismisses the SEC's allegations of "manipulative wash trading" and secret payments to celebrities as baseless. It claims that the SEC has failed to provide specific evidence to support these claims and that no victims have been identified.

Tron 駁斥了 SEC 對「操縱性清洗交易」和向名人秘密付款的指控，稱其毫無根據。它聲稱美國證券交易委員會未能提供具體證據來支持這些說法，並且尚未確定受害者的身分。

SEC's Lack of Specificity: Insufficient Allegations

SEC 缺乏具體性：指控不充分

Tron further argues that the SEC's complaint lacks the necessary specificity to establish the defendants' wrongdoing. It accuses the SEC of relying on generalizations and conclusions rather than providing detailed factual allegations.

Tron 進一步辯稱，美國證券交易委員會的投訴缺乏必要的具體性來確定被告的不當行為。它指責 SEC 依賴概括和結論，而不是提供詳細的事實指控。

Major Questions Doctrine: A Limit on Regulatory Authority

主要問題原則：監理權力的限制

Tron also invokes the major questions doctrine, a Supreme Court precedent that limits the ability of regulators to exercise authority not explicitly granted by Congress. It contends that the SEC's assertion of extraterritorial jurisdiction in this case is a "major question" that requires congressional action, not regulatory overreach.

Tron 也引用了重大問題原則，這是最高法院的一個先例，限制監管機構行使國會未明確授予的權力的能力。它認為，美國證券交易委員會在此案中主張域外管轄權是一個“重大問題”，需要國會採取行動，而不是過度監管。

SEC's Response and Implications

SEC 的回應和影響

The SEC is expected to file its response to Tron's motion within two weeks. The outcome of this legal battle has significant implications for the regulation of digital assets in the United States and beyond.

預計美國證券交易委員會將在兩週內對 Tron 的動議做出回應。這場法律戰的結果對美國及其他地區的數位資產監管有重大影響。

Tron's bold challenge to the SEC's extraterritorial authority raises fundamental questions about the SEC's reach and the appropriate limits of regulatory jurisdiction in the rapidly evolving digital asset landscape. As the legal battle unfolds, the outcome will shape the regulatory framework for digital assets and determine the balance between investor protection and innovation in this emerging industry.

Tron 對 SEC 域外權威的大膽挑戰引發了有關 SEC 的影響力以及在快速發展的數位資產領域監管管轄權適當限制的根本性問題。隨著法律戰的展開，其結果將塑造數位資產的監管框架，並決定這個新興產業的投資者保護和創新之間的平衡。