Coinspeaker
SEC Files Amended Suit against Justin Sun and ‘Alter Ego’ Firms
The United States Securities and Exchange Commission (SEC) has filed an amended suit against Tron founder Justin Sun. The suit is a follow-up to a previous one which Sun sought to dismiss in March over claims that the regulator had no jurisdiction.
In the new suit, however, the SEC claims that it has reasons to believe that Justin Sun “traveled extensively” throughout the US in the period under review. More than just traveling, Sun and his businesses also “purposefully took actions in and directed toward the United States. According to the SEC, that gives the commission enough “personal jurisdiction” over Sun, Tron, and two other businesses linked to him.
In the amended filing submitted to a Manhattan federal court, the SEC argues that Sun spent no less than 380 days in the country. That is between 2017 and 2019. He allegedly spent the time on business trips to Boston, San Francisco,
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