TRON Foundation, Justin Sun Ask U.S. Court to Dismiss SEC Lawsuit

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TRON Foundation, Justin Sun Ask U.S. Court to Dismiss SEC Lawsuit
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Amitoj Singh is a CoinDesk reporter.

case pertains to allegations of selling and airdropping unregistered securities, fraud and market manipulation.

The case pertains to allegations of selling and airdropping unregistered securities, fraud and market manipulation that the. At the time, SEC Chair Gary Gensler said"Sun and his companies not only targeted U.S. investors ... but they also coordinated wash trading on an unregistered trading platform ..."

California-registered Rainberry did not contest the court's jurisdiction, instead asking for dismissal for other reasons, including that the defendants did not receive fair notice.

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