The SEC provided information on the lawsuit against Tron and Justin Sun, seeking to refute arguments that the regulator lacks proper jurisdiction:
"Justin Sun spent more than 380 days in the US from 2017 to 2019 while certain tokens were being promoted and sold," the SEC motion says.
The SEC accuses Sun and his companies—Tron Foundation, BitTorrent, and Rainberry—of manipulating the $TRX secondary market through "fictitious trading."
