Tron requests the dismissal of the SEC lawsuit, claiming it has no jurisdiction over "digital assets offered to foreign users on a global platform."

ChainCatcher news, according to Cointelegraph, Tron has requested the dismissal of a lawsuit from the U.S. Securities and Exchange Commission (SEC), claiming it has no jurisdiction over "digital assets sold to foreign users on a global platform." Tron stated that the sale of tokens was "entirely overseas," and the measures taken were to avoid the U.S. market. The SEC has not accused them of "initially selling or offering to any U.S. residents," nor has it pointed out any victims.

Previously, the SEC issued electronic subpoenas to Justin Sun, the Tron Foundation, the BitTorrent Foundation, and BitTorrent in March last year, alleging illegal sales of unregistered securities, fraud, and market manipulation.