Tron 在治外法权驳回动议中藐视 SEC

Tron 区块链背后的实体 Tron 基金会已提交动议，驳回美国证券交易委员会 (SEC) 提起的诉讼。该动议认为，美国证券交易委员会缺乏监管 Tron 主要由外国代币发行的权力，并且这些代币不符合美国证券法规定的投资合同。 Tron 还驳斥了 SEC 关于操纵交易和未公开的名人促销的指控。

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

Tron 对 SEC 诉讼的大胆挑战：主张域外越权

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.

作为一个坚决的举措，同名第一层区块链背后的实体 Tron 已向纽约联邦法院提交了一份全面动议，寻求驳回美国证券交易委员会 (SEC) 对其提起的诉讼。 Tron 的辩护取决于一个基本论点：美国证券交易委员会对主要发生在美国境外的交易的权威主张构成了不允许的域外影响。

SEC's Global Reach: A Step Too Far?

SEC 的全球影响力：是否太过了？

"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 日提交的驳回动议中宣称，“美国证券交易委员会不是一个全球性的监管机构。”Tron 认为，SEC 试图将美国安全法适用于主要发生在国外的行为，这超出了其权力范围。

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 坚称，其 TRX 和 BTT 代币的销售仅发生在美国境外，并刻意采取了避开美国市场的措施。 Tron 表示，美国证券交易委员会认为美国平台上随后进行的二级代币销售构成未注册的美国证券，这一点“充其量是站不住脚的”。

Investment Contract Classification: A Failed Test

投资合同分类：失败的测试

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.

即使美国证券交易委员会对此事拥有权威，Tron 仍声称其代币不符合 Howey 测试下的投资合同分类标准，Howey 测试是美国法律确定证券是否存在的标准。

Wash Trading and Celebrity Endorsements: Baseless Allegations

清洗交易和名人代言：毫无根据的指控

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 驳斥了 SEC 对“操纵性清洗交易”和向名人秘密付款的指控，称其毫无根据。它声称美国证券交易委员会未能提供具体证据来支持这些说法，并且尚未确定受害者的身份。

SEC's Lack of Specificity: Insufficient Allegations

SEC 缺乏具体性：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 进一步辩称，美国证券交易委员会的投诉缺乏必要的具体性来确定被告的不当行为。它指责 SEC 依赖概括和结论，而不是提供详细的事实指控。

Major Questions Doctrine: A Limit on Regulatory Authority

主要问题原则：监管权力的限制

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 还援引了重大问题原则，这是最高法院的一个先例，限制监管机构行使国会未明确授予的权力的能力。它认为，美国证券交易委员会在此案中主张域外管辖权是一个“重大问题”，需要国会采取行动，而不是过度监管。

SEC's Response and Implications

SEC 的回应和影响

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.

预计美国证券交易委员会将在两周内对 Tron 的动议做出回应。这场法律战的结果对美国及其他地区的数字资产监管具有重大影响。

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 对 SEC 域外权威的大胆挑战引发了有关 SEC 的影响力以及在快速发展的数字资产领域监管管辖权适当限制的根本性问题。随着法律战的展开，其结果将塑造数字资产的监管框架，并决定这个新兴行业的投资者保护和创新之间的平衡。