The United States Securities and Exchange Commission (SEC) has recently revised its legal action against Justin Sun, the well-known individual linked to Tron. The SEC claims that Sun participated in the distribution of unregistered securities through Tron (TRX) and BitTorrent (BTT) tokens.

The SEC asserts its authority over Sun based on his frequent visits to the United States, where he spent more than 380 days between 2017 and 2019, visiting major cities like New York City, Boston, and San Francisco. Additionally, the SEC has included Sun’s related organizations, such as the Tron Foundation and the BitTorrent Foundation, in the lawsuit, alleging they were under his influence.

In its updated filing, the SEC reiterates its accusations against Justin Sun, particularly focusing on the sale of unregistered securities and suspected involvement in manipulative money laundering transactions. The SEC argues that Tron (TRX) and BitTorrent (BTT) tokens were actively marketed and sold to investors in the United States, contradicting Sun’s claims of transactions solely overseas.

The SEC highlights alleged wash trading activities on the Seattle-based crypto exchange Bittrex as evidence against Sun. These claims are a significant component of the SEC’s case against the Tron founder and his associated enterprises.

In response to the SEC’s jurisdictional assertion, Justin Sun strongly refutes the allegations. Sun contends that the token sales were conducted entirely outside the United States and did not target the U.S. market. He asserts that the SEC lacks the jurisdiction to claim authority over him or the Singapore-based Tron Foundation, emphasizing that the purported securities violations occurred beyond U.S. borders.

Despite the ongoing legal dispute, Sun’s legal team has not yet provided a formal response to requests for comments. This conflict underscores the intricate legal challenges surrounding jurisdiction and accusations in the cryptocurrency sector.