Creative Translation: “Sun Yuchen’s Frequent Visits to the US Attract the Attention of the SEC, US Courts Assert Appropriate Jurisdiction”

In a recent development, the US Securities and Exchange Commission (SEC) has revised its lawsuit against Tron founder, Justin Sun, stating that his frequent travels to various locations in the United States give the court jurisdiction over the case. The SEC accuses Sun and his companies of conducting unregistered securities sales through Tron and BitTorrent (BTT) token offerings, as well as engaging in manipulative money laundering transactions. According to the SEC, Sun spent over 380 days in the US between 2017 and 2019, with travel destinations including New York, Boston, and San Francisco, among others. However, Sun argues that the token sales were conducted entirely overseas, avoiding the US market, and therefore, the SEC lacks jurisdiction over him and the Tron Foundation, headquartered in Singapore.