Following the Zhao Changpeng incident
The U.S. Securities and Exchange Commission (SEC) has targeted Sun Yuchen.
According to the news released on April 19, the SEC has adjusted the lawsuit against Tron founder Sun Yuchen, claiming that he frequently moves around the United States, thus giving the court corresponding jurisdiction.
The SEC accused Sun Yuchen and his company of selling unregistered securities through Tron and BitTorrent (BTT) tokens and suspected of engaging in manipulative money laundering transactions.
The SEC claimed that between 2017 and 2019, Sun Yuchen spent more than 380 days in the United States, including visits to New York, Boston and San Francisco.
However, Sun Yuchen disagreed, emphasizing that all token sales activities were conducted entirely overseas and did not involve the U.S. market, so the SEC had no right to exercise jurisdiction over him and the Tron Foundation in Singapore.
This incident once again highlights that even if you are not a U.S. citizen and do not conduct business in the United States, as long as you have activities in the United States, you may be subject to scrutiny by its regulators.
If you don’t know how to screen strong coins, then I suggest you follow me. Whether it is spot or contract, a little bit of action may be your limit. The opportunity is short, so you must seize it! Success does not depend on luck, choice is greater than effort, and the circle determines destiny. In the currency circle, in addition to having a keen eye for judging the situation, you must also keep up with a good team and a good leader. Follow me and you will be halfway to success in the currency circle! Communication +: BYLK688
You can receive the latest free articles in the currency circle every day. The articles are good and can be shared with everyone!
