Tron 基金会在法庭上挑战 SEC 的域外权力

Tron 基金会已向纽约联邦法院提出动议，驳回美国证券交易委员会 (SEC) 的诉讼，称该机构对该基金会的全球业务缺乏管辖权。美国证券交易委员会指控 Tron 出售未注册的证券并从事虚假交易，但 Tron 否认了这些指控。

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

Tron 基金会在法庭上与 SEC 抗争，辩称美国证券法具有域外效力

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.

纽约州纽约 - 2024 年 3 月 27 日 - L1 区块链 Tron 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) 在纽约联邦法院提起的诉讼。 Tron 认为，美国证券交易委员会试图将美国证券法适用于主要发生在美国境外的商业运营，这构成了该机构的越权行为。

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 在驳回动议中辩称 SEC 缺乏全球监管权力。 Tron 基金会根据其业务的全球定位和由此产生的外国客户的事实来提出其驳回请求。

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 认为，在为全球用户提供服务的美国平台上进行二级代币销售并不自动使代币受到美国证券法的约束。

A Nuance Defense

细微差别防御

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 坚称其代币不符合 Howey 测试下的投资合同标准，Howey 测试是一种用于确定特定交易是否代表证券销售的方法。 Tron 对 SEC 将其代币定性为未注册证券提出异议。此外，Tron 声称 SEC 未能提供具体证据来证实其操纵交易技术的指控。

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.

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.

美国证券交易委员会尚未对 Tron 的驳回动议做出回应，但预计将在未来两周内做出回应。该诉讼的结果将对数字资产产品的监管和美国证券法的域外影响产生重大影响。

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.

除了美国证券交易委员会对未经注册的证券销售的指控外，该机构还指控孙宇晨参与“虚假交易”，即模拟不存在的市场活动。据监管机构称，Sun 利用这一策略暗中补贴 Tron 代币的名人代言人，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 对这些指控提出异议，认为 SEC 未能确定所谓洗盘交易的具体受害者。该公司坚称自己无罪，并表示 SEC 提供的事实并不重要。

Heightened Concerns

高度关注

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.

据 CNF 报道，Tron 区块链的非法交易显着增加，特别是在贩毒和恐怖主义融资领域。特别值得关注的是，有消息称，接收稳定币 Tether (USDT) 的与恐怖主义融资相关的区块链地址数量在 2023 年激增了 125%。根据 TRM Labs 的数据，Tether 仍然是有组织犯罪的首选稳定币。

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月初以来，波场TRON生态系统，特别是其去中心化自治组织（DAO）的USDT交易量大幅增长，目前日均交易量已超过200万笔。 IntotheBlock 的最新数据证实了这一激增，使交易量接近 2023 年 1 月观察到的峰值。

"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 于 2024 年 3 月 27 日在推特上表示：“自 2 月初以来，@trondao 上的 USDT 交易量显着上升，目前日均交易量超过 200 万笔。随着这一增长，交易量已接近 2023 年 1 月的峰值。”