Tron 基金会在纽约法院对抗 SEC 的全球影响力

3 月 28 日，Tron 基金会敦促纽约联邦法院驳回 SEC 的诉讼，认为 SEC 针对主要发生在美国境外的行为行为过度。Tron 声称其代币销售是在海外进行的，避开了美国市场，不属于 SEC 的管辖范围。监管管辖权。

Tron Foundation Challenges SEC's Extraterritorial Reach in New York Court

Tron 基金会在纽约法院挑战 SEC 的域外管辖权

New York, March 28, 2023 - The Tron Foundation has filed a forceful motion to dismiss a lawsuit initiated by the U.S. Securities and Exchange Commission (SEC), arguing that the regulatory agency has overstepped its authority by targeting actions that primarily occurred outside the United States.

纽约，2023 年 3 月 28 日 - Tron 基金会提出了一项强有力的动议，驳回美国证券交易委员会 (SEC) 发起的诉讼，称该监管机构针对主要发生在美国境外的行为已经越权。状态。

SEC's Allegations and Tron's Contentions

SEC 的指控和 Tron 的争论

Last year, the SEC filed a complaint against Tron, alleging that the sale of its TRX and BTT tokens constituted unregistered securities offerings. The lawsuit also implicated the BitTorrent Foundation and Rainberry Inc., both affiliated with Tron since their 2018 acquisition.

去年，SEC 对 Tron 提起诉讼，指控其 TRX 和 BTT 代币的销售构成未经注册的证券发行。该诉讼还涉及 BitTorrent 基金会和 Rainberry Inc.，这两家公司自 2018 年被 Tron 收购以来一直隶属于 Tron。

However, Tron, headquartered in Singapore, maintains that its token sales were conducted overseas, specifically avoiding the U.S. market, and thus fall outside the SEC's regulatory jurisdiction. The foundation contends that the secondary sales of tokens on U.S.-based platforms do not, by themselves, transform them into unregistered U.S. securities.

然而，总部位于新加坡的 Tron 坚称其代币销售是在海外进行的，特别是避开美国市场，因此不属于 SEC 的监管管辖范围。该基金会认为，美国平台上代币的二次销售本身并不会将其转化为未注册的美国证券。

Challenging the SEC's Application of the Howey Test

质疑 SEC 对 Howey 测试的应用

Tron's motion challenges the SEC's application of the Howey test, which is used to define investment contracts. The foundation argues that the SEC's interpretation of the test is overly broad and would categorize virtually any digital asset offering as a security.

Tron 的动议挑战了 SEC 对 Howey 测试的应用，该测试用于定义投资合约。该基金会认为，美国证券交易委员会对该测试的解释过于宽泛，几乎将所有数字资产产品归类为证券。

Refutation of Manipulative Market Practices

驳斥操纵市场行为

Moreover, Tron refutes the SEC's allegations of manipulative market practices, such as "wash trading" by its founder Justin Sun and undisclosed token promotion by celebrities. The motion emphasizes that the SEC has failed to provide specific facts or identify identifiable victims to support these claims.

此外，Tron 反驳了 SEC 对操纵市场行为的指控，例如其创始人孙宇晨的“洗牌交易”以及名人未公开的代币促销。该动议强调，美国证券交易委员会未能提供具体事实或确定可识别的受害者来支持这些说法。

Questioning SEC's General and Unspecified Allegations

质疑 SEC 的一般性和未具体指控

Tron also criticizes the SEC for its general and unspecified claims against the defendants, including a lack of concrete allegations of fraud. The foundation asserts that the SEC's complaint is insufficient to establish a valid cause of action.

Tron 还批评 SEC 对被告提出的笼统且未具体说明的指控，包括缺乏具体的欺诈指控。该基金会声称，美国证券交易委员会的投诉不足以构成有效的诉讼理由。

Invoking the Major Questions Doctrine

援引主要问题原则

Tron's motion invokes the major questions doctrine, which requires explicit congressional authorization for regulatory actions that have significant economic or political implications. The foundation argues that the SEC's extraterritorial enforcement of U.S. securities laws raises such major questions and requires express congressional authorization, which is lacking in this case.

Tron 的动议援引了重大问题原则，该原则要求国会明确授权具有重大经济或政治影响的监管行动。该基金会认为，美国证券交易委员会对美国证券法的域外执行引发了如此重大的问题，并需要国会的明确授权，而本案中缺乏这一授权。

SEC's Expected Response and Market Update

SEC 的预期反应和市场动态

The SEC is expected to respond to Tron's dismissal motion within the next two weeks. As of this writing, TRX is trading at around $0.1216 (down 0.7%), while BTT is trading at approximately $0.000001571 (down 2.8%).

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。截至撰写本文时，TRX 的交易价格约为 0.1216 美元（下跌 0.7%），而 BTT 的交易价格约为 0.000001571 美元（下跌 2.8%）。

Tron's legal battle with the SEC is being closely watched by the cryptocurrency industry. The outcome has the potential to shape the regulatory landscape for digital asset offerings and establish limits on the SEC's extraterritorial reach.

Tron 与 SEC 的法律战正在受到加密货币行业的密切关注。该结果有可能塑造数字资产产品的监管格局，并限制美国证券交易委员会的域外影响力。