Tron 基金会反击：挑战 SEC 在数字资产监管方面的影响力

Tron 区块链背后的组织 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。 Tron 辩称，美国证券交易委员会对相关代币销售缺乏管辖权，因为这些代币销售完全发生在美国境外，并采取了排除美国市场的措施。该动议还质疑 SEC 将代币归类为证券，认为它们不符合 Howey 测试下的投资合同标准。

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

Tron基金会针对SEC在数字资产监管方面的越权行为发起猛烈防御

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基金会这一大胆举动在数字资产行业引起了震动，对美国证券交易委员会（SEC）对该组织及其附属机构提起的诉讼的合法性提出了强烈质疑，挑战了该机构监管数字资产交易的权威。主要发生在美国境外。

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 日向纽约联邦法院提交的全面驳回动议中，Tron 基金会精心阐述了其案件，认为 SEC 试图将其监管范围扩大到其管辖范围之外，这是一种越权行为，破坏了数字资产的全球性质交易。

SEC's Baseless Allegations

SEC 毫无根据的指控

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.

美国证券交易委员会于 2022 年 3 月提起诉讼，指控 Tron 基金会及其附属机构出售 Tron (TRX) 和 BitTorrent (BTT) 代币构成未经注册的证券发行。然而，Tron 基金会强烈否认这些指控，声称代币销售完全在美国境外进行，并且是精心设计的，旨在将美国市场排除在外，从而不属于 SEC 的监管范围。

Challenging the SEC's Jurisdiction

挑战 SEC 的管辖权

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 辩护的核心是一个基本论点，即美国证券交易委员会对在全球平台上针对国际买家进行的数字资产发行缺乏管辖权。该基金会认为，此类交易不属于美国证券交易委员会的管辖范围，因为它们不涉及在美国境内出售证券。

Defending Against Fraudulent Activity Claims

防范欺诈活动索赔

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.

美国证券交易委员会的诉讼进一步指控 Tron 及其创始人孙宇晨参与操纵交易行为，包括洗售交易和隐瞒向名人推广代币的付款。 Tron 强烈反驳这些指控，声称没有具体证据证实清洗交易的说法，也没有任何所谓的欺诈活动影响了美国居民。

Lack of Specificity and Misstatements

缺乏具体性和错误陈述

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.

该基金会还批评 SEC 依赖笼统的断言，并且没有详细说明每个被告参与所声称的违规行为的具体指控。 Tron 辩称，监管机构的欺诈指控缺乏具体的错误陈述，让被告和法院都在猜测这些指控的依据。

Invoking the Major Questions Doctrine

援引主要问题原则

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.

在一项精明的法律行动中，Tron 援引了重大问题原则，这一法律原则认为监管机构主要属于国会，而不是监管机构。这一论点与其他加密货币公司（例如 Kraken 和 Coinbase）在与 SEC 的法律斗争中采用的类似防御策略相呼应。

Global Implications

全球影响

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 对 SEC 诉讼的法律挑战对全球数字资产的监管具有重大影响。此案的结果可能决定美国证券法在多大程度上适用于全球数字资产交易。

Industry Experts Weigh In

行业专家参与讨论

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.

行业专家对波场的法律策略发表了不同的看法。一些分析师认为，Tron 有充分的理由，因为 SEC 对主要发生在美国境外的数字资产交易的管辖权值得怀疑。其他人则认为，如果美国证券交易委员会能够证明这些代币是向美国投资者销售的，或者欺诈活动影响了美国公民，那么它可能会有更有力的理由。

SEC's Response

SEC 的回应

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.

预计美国证券交易委员会将在未来两周内对 Tron 的驳回动议做出回应。截至目前，监管机构尚未对波场的驳回动议公开发表评论。

Conclusion

结论

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 基金会对 SEC 诉讼的法律挑战代表了有关数字资产监管和美国监管机构管辖范围的持续辩论的关键时刻。这场法律战的结果可能会对数字货币的监管格局产生深远的影响，特别是在美国证券法对全球交易的处理方面。在加密行业的密切关注下，本案的判决无疑将塑造数字资产监管的未来。