Tron 基金會在法庭上挑戰 SEC 的域外權力

Tron 基金會已向紐約聯邦法院提出動議，駁回美國證券交易委員會 (SEC) 的訴訟，稱該機構對該基金會的全球業務缺乏管轄權。美國證券交易委員會指控 Tron 出售未註冊的證券並從事虛假交易，但 Tron 否認了這些指控。

Tron Foundation Battles SEC in Court, Arguing Extraterritorial Reach of US Securities Laws

Tron 基金會在法庭上與 SEC 抗爭，辯稱美國證券法具有域外效力

New York, NY - March 27, 2024 - The Tron Foundation, the entity behind the L1 blockchain Tron, has filed a motion to dismiss a lawsuit brought by the United States Securities and Exchange Commission (SEC) in a New York federal court. Tron argues that the SEC's attempt to apply U.S. securities laws to a business operation that predominantly takes place outside of the U.S. constitutes an overreach of the agency's authority.

紐約州紐約 - 2024 年 3 月 27 日 - L1 區塊鏈 Tron 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) 在紐約聯邦法院提起的訴訟。 Tron 認為，美國證券交易委員會試圖將美國證券法適用於主要發生在美國境外的商業運營，這構成了該機構的越權行為。

In its motion to dismiss, Tron contends that the SEC lacks global regulatory authority. The Tron Foundation predicates its dismissal request on the facts of its business's global orientation and the resulting foreign clientele.

Tron 在駁回動議中辯稱 SEC 缺乏全球監管權力。 Tron 基金會根據其業務的全球定位和由此產生的外國客戶的事實來提出其駁回請求。

Additionally, Tron argues that secondary token sales on a U.S.-based platform serving global users do not automatically subject the tokens to U.S. securities laws.

此外，Tron 認為，在為全球用戶提供服務的美國平台上進行二級代幣銷售並不自動使代幣受到美國證券法的約束。

A Nuance Defense

細微差別防禦

Tron maintains that its tokens fail to meet the criteria of investment contracts under the Howey Test, a method used to determine whether specific transactions represent the sale of securities. Tron disputes the SEC's characterization of its tokens as unregistered securities. Furthermore, Tron asserts that the SEC has failed to provide concrete evidence to substantiate its allegations of manipulative trading techniques.

Tron 堅稱其代幣不符合 Howey 測試下的投資合約標準，Howey 測試是一種用於確定特定交易是否代表證券銷售的方法。 Tron 對 SEC 將其代幣定性為未註冊證券提出異議。此外，Tron 聲稱 SEC 未能提供具體證據來證實其操縱交易技術的指控。

Moreover, in its motion to dismiss the SEC's complaint, Tron cites procedural deficiencies, alleging insufficient factual allegations and an over-reliance on generic statements. The foundation argues that the SEC's allegations are imprecise, lack specific evidentiary support, and involve purportedly injured parties complicit in the alleged misconduct. Tron also invokes the "Major Questions Doctrine," a Supreme Court ruling that limits regulatory authority absent explicit congressional authorization.

此外，波場在駁回 SEC 投訴的動議中指出了程序缺陷，聲稱事實指控不足且過度依賴通用陳述。該基金會認為，美國證券交易委員會的指控不準確，缺乏具體的證據支持，並涉及涉嫌不當行為的共謀受害方。 Tron 還引用了“重大問題原則”，這是最高法院的一項裁決，該裁決在沒有國會明確授權的情況下限制監管權力。

The SEC has yet to respond to Tron's motion to dismiss but is expected to do so within the next two weeks. The outcome of this litigation will have significant implications for the regulation of digital asset offerings and the extraterritorial reach of U.S. securities laws.

美國證券交易委員會尚未對 Tron 的駁回動議做出回應，但預計將在未來兩週內做出回應。該訴訟的結果將對數位資產產品的監管和美國證券法的域外影響產生重大影響。

Wash Trading Allegations

清洗交易指控

In addition to the SEC's allegations of unregistered security sales, the agency has also accused Justin Sun of engaging in "wash trading," the simulation of nonexistent market activity. According to the regulator, Sun uses this strategy to covertly subsidize celebrity endorsers of Tron tokens, such as Akon and Soulja Boy.

除了美國證券交易委員會對未經註冊的證券銷售的指控外，該機構還指控孫宇晨參與“虛假交易”，即模擬不存在的市場活動。據監管機構稱，Sun 利用這一策略暗中補貼 Tron 代幣的名人代言人，例如 Akon 和 Soulja Boy。

However, Tron contests these allegations, arguing that the SEC fails to identify specific victims of the alleged wash trades. The company maintains its innocence and suggests that the facts presented by the SEC are immaterial.

然而，Tron 對這些指控提出異議，認為 SEC 未能確定所謂洗盤交易的具體受害者。該公司堅稱自己無罪，並表示 SEC 提供的事實並不重要。

Heightened Concerns

高度關注

As reported by CNF, the Tron blockchain has experienced a notable uptick in illicit transactions, particularly in the areas of drug trafficking and terrorism financing. Of particular concern is the revelation that the number of blockchain addresses associated with terrorist financing that receive the stablecoin Tether (USDT) has surged by 125% in 2023. According to TRM Labs, Tether remains the preferred stablecoin for organized crime.

根據 CNF 報導，Tron 區塊鏈的非法交易顯著增加，特別是在販毒和恐怖主義融資領域。特別值得關注的是，有消息稱，接收穩定幣Tether (USDT) 的與恐怖主義融資相關的區塊鏈地址數量在2023 年激增了125%。根據TRM Labs 的數據，Tether 仍然是有組織犯罪的首選穩定幣。

It is noteworthy that the TRON ecosystem, particularly its decentralized autonomous organization (DAO), has witnessed a significant increase in USDT transactions since early February, with the daily average now exceeding two million. Recent data from IntotheBlock corroborates this surge, bringing the transaction volume close to the peak observed in January 2023.

值得注意的是，自2月初以來，波場TRON生態系統，特別是其去中心化自治組織（DAO）的USDT交易量大幅成長，目前日均交易量已超過200萬筆。 IntotheBlock 的最新數據證實了這一激增，使交易量接近 2023 年 1 月觀察到的峰值。

"USDT transactions on @trondao have been on a notable upswing since early February, now averaging over 2 million transactions daily. With this increase, the number of transactions is approaching the peak witnessed in January 2023," IntotheBlock tweeted on March 27, 2024.

IntotheBlock 於2024 年3 月27 日在推特上表示：「自2 月初以來，@trondao 上的USDT 交易量顯著上升，目前日均交易量超過200 萬筆。隨著這一增長，交易量已接近2023 年1 月的峰值。”