According to BlockBeats, on August 24, a New York judge rejected the SEC’s request to force a pre-trial conference or require it to submit additional responses in the securities fraud lawsuit against the Tron Foundation and its founder Justin Sun.
In a letter filed with the court on August 12, the SEC accused the defense of trying to sneak in a new argument that “the sales of TRX and BTT do not meet the ‘common enterprise’ standard of the Howey test.”
In response, Tron’s lawyers hit back at the SEC’s letter, accusing the SEC of “trying to create controversy” and urging the court to reject the SEC’s request for a pre-trial meeting. The judge ultimately sided with Tron’s lawyers and rejected the SEC’s request.
