A New York judge rejected the SEC's request to compel a pre-trial conference in the lawsuit against Justin Sun

2024-08-24 16:29:52
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ChainCatcher news, according to Coindesk, a judge in New York has denied the U.S. Securities and Exchange Commission (SEC)'s request to compel a pre-trial conference or to require it to submit additional responses in the securities fraud lawsuit against the Tron Foundation and its founder Justin Sun.

In a letter submitted to the court on August 12, the SEC accused the defense of attempting to secretly introduce new arguments, claiming that "the sales of TRX and BTT do not meet the 'common enterprise' standard of the Howey test."

In response, Tron’s lawyers countered the SEC's letter, writing to U.S. District Judge Edgardo Ramos of the Southern District of New York, accusing the SEC of "trying to create controversy" and urging the court to deny the SEC's request for a pre-trial conference. Ultimately, the judge sided with Tron’s lawyers and dismissed the SEC's request.

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