Tron 基金會反擊：挑戰 SEC 在數位資產監管方面的影響力

Tron 區塊鏈背後的組織 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。 Tron 辯稱，美國證券交易委員會對相關代幣銷售缺乏管轄權，因為這些代幣銷售完全發生在美國境外，並採取了排除美國市場的措施。該動議還質疑 SEC 將代幣歸類為證券，認為它們不符合 Howey 測試下的投資合約標準。

Tron Foundation Launches Fierce Defense Against SEC's Overreach in Digital Asset Regulation

Tron基金會針對SEC在數位資產監管方面的越權行為發動猛烈防禦

March 30, 2023

2023 年 3 月 30 日

In a bold move that has sent shockwaves through the digital asset industry, the Tron Foundation has vehemently contested the legitimacy of the United States Securities and Exchange Commission's (SEC) lawsuit against the organization and its affiliates, challenging the agency's authority to regulate digital asset transactions that occur predominantly outside the United States.

Tron基金會這一大膽舉動在數位資產行業引起了震動，對美國證券交易委員會（SEC）對該組織及其附屬機構提起的訴訟的合法性提出了強烈質疑，挑戰了該機構監管數位資產交易的權威。主要發生在美國境外。

In a comprehensive motion to dismiss filed on March 28th in a New York federal court, the Tron Foundation meticulously articulated its case, arguing that the SEC's attempt to extend its regulatory reach beyond its jurisdictional bounds is an overreach that undermines the global nature of digital asset transactions.

在3 月28 日向紐約聯邦法院提交的全面駁回動議中，Tron 基金會精心闡述了其案件，認為SEC 試圖將其監管範圍擴大到其管轄範圍之外，這是一種越權行為，破壞了數位資產的全球性質交易。

SEC's Baseless Allegations

SEC 毫無根據的指控

The SEC's lawsuit, filed in March 2022, alleges that the sale of Tron (TRX) and BitTorrent (BTT) tokens by the Tron Foundation and its affiliates constituted unregistered securities offerings. However, the Tron Foundation vehemently denies these allegations, asserting that the token sales took place entirely outside the United States and were meticulously designed to exclude the U.S. market, thereby falling outside the SEC's regulatory purview.

美國證券交易委員會於 2022 年 3 月提起訴訟，指控 Tron 基金會及其附屬機構出售 Tron (TRX) 和 BitTorrent (BTT) 代幣構成未經註冊的證券發行。然而，Tron 基金會強烈否認這些指控，聲稱代幣銷售完全在美國境外進行，並且是精心設計的，旨在將美國市場排除在外，從而不屬於 SEC 的監管範圍。

Challenging the SEC's Jurisdiction

挑戰 SEC 的管轄權

At the heart of Tron's defense lies the fundamental argument that the SEC lacks jurisdiction over digital asset offerings conducted on global platforms and targeted at international buyers. The Foundation contends that such transactions fall outside the SEC's authority, as they do not involve the sale of securities within the United States.

Tron 辯護的核心是一個基本論點，即美國證券交易委員會對在全球平台上針對國際買家進行的數位資產發行缺乏管轄權。該基金會認為，此類交易不屬於美國證券交易委員會的管轄範圍，因為它們不涉及在美國境內出售證券。

Defending Against Fraudulent Activity Claims

防範詐欺活動索賠

The SEC's lawsuit further accuses Tron and its founder, Justin Sun, of engaging in manipulative trading practices, including wash trading and concealing payments to celebrities for promoting the tokens. Tron vigorously refutes these allegations, asserting that there is no concrete evidence to substantiate claims of wash trades or that any purported fraudulent activities impacted U.S. residents.

美國證券交易委員會的訴訟進一步指控 Tron 及其創始人孫宇晨參與操縱交易行為，包括洗售交易和隱瞞向名人推廣代幣的付款。 Tron 強烈反駁這些指控，聲稱沒有具體證據證實清洗交易的說法，也沒有任何所謂的詐欺活動影響了美國居民。

Lack of Specificity and Misstatements

缺乏具體性和錯誤陳述

The Foundation also criticizes the SEC's reliance on generalized assertions and the absence of specific allegations detailing each defendant's involvement in the claimed violations. Tron argues that the regulator's fraud allegations lack concrete misstatements, leaving both the defendants and the court to speculate about the basis of these claims.

該基金會還批評 SEC 依賴籠統的斷言，並且沒有詳細說明每個被告參與所聲稱的違規行為的具體指控。 Tron 辯稱，監管機構的詐欺指控缺乏具體的錯誤陳述，讓被告和法院都在猜測這些指控的依據。

Invoking the Major Questions Doctrine

援引主要問題原則

In an astute legal move, Tron invokes the major questions doctrine, a legal principle that posits that regulatory authority rests primarily with Congress, not with regulatory agencies. This argument echoes similar defense strategies employed by other crypto firms, such as Kraken and Coinbase, in their own legal battles with the SEC.

在一項精明的法律行動中，Tron 引用了重大問題原則，這項法律原則認為監管機構主要屬於國會，而不是監管機構。這一論點與其他加密貨幣公司（例如 Kraken 和 Coinbase）在與 SEC 的法律鬥爭中採用的類似防禦策略相呼應。

Global Implications

全球影響

Tron's legal challenge to the SEC's lawsuit has significant implications for the regulation of digital assets worldwide. The outcome of this case could determine the extent to which U.S. securities laws can be applied to global digital asset transactions.

Tron 對 SEC 訴訟的法律挑戰對全球數位資產的監管具有重大影響。此案的結果可能決定美國證券法在多大程度上適用於全球數位資產交易。

Industry Experts Weigh In

行業專家參與討論

Industry experts have expressed diverse opinions on Tron's legal strategy. Some analysts believe that Tron has a strong case, as the SEC's jurisdiction over digital asset transactions that occur primarily outside the United States is questionable. Others argue that the SEC may have a stronger case if it can demonstrate that the tokens were marketed to U.S. investors or that fraudulent activities impacted U.S. citizens.

行業專家對波場的法律策略發表了不同的看法。一些分析師認為，Tron 有充分的理由，因為 SEC 對主要發生在美國境外的數位資產交易的管轄權值得懷疑。其他人則認為，如果美國證券交易委員會能夠證明這些代幣是向美國投資者銷售的，或者詐欺活動影響了美國公民，那麼它可能會有更有力的理由。

SEC's Response

SEC 的回應

The SEC is expected to respond to Tron's dismissal motion within the next two weeks. As of now, the regulatory body has not publicly commented on Tron's motion to dismiss.

美國證券交易委員會預計將在未來兩週內對 Tron 的駁回動議做出回應。截至目前，監管機構尚未對波場的駁回動議公開發表評論。

Conclusion

結論

The Tron Foundation's legal challenge to the SEC's lawsuit represents a pivotal moment in the ongoing debate about the regulation of digital assets and the jurisdictional limits of U.S. regulatory bodies. The outcome of this legal battle could have far-reaching implications for the regulatory landscape of digital currencies, especially concerning the treatment of global transactions under U.S. securities laws. As the crypto industry watches closely, the verdict in this case will undoubtedly shape the future of digital asset regulation.

Tron 基金會對 SEC 訴訟的法律挑戰代表了有關​​數位資產監管和美國監管機構管轄範圍的持續辯論的關鍵時刻。這場法律戰的結果可能會對數位貨幣的監管格局產生深遠的影響，特別是在美國證券法對全球交易的處理方面。在加密產業的密切關注下，本案的判決無疑將塑造數位資產監管的未來。