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Tron Founder Justin Sun Responds to SEC's Charges for Unregistered Crypto Asset Securities Offerings

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Justin Sun, the CEO and founder of Tron network, has responded to a civil complaint filed against him by the US Securities and Exchange Commission (SEC). In a tweet, Sun dismissed the complaint as lacking merit and vowed to continue building the most decentralized financial system.

The US Securities and Exchange Commission(SEC) announced charges against crypto asset entrepreneur Justin Sun and three of his wholly-owned companies, Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc. (formerly BitTorrent), for the unregistered offer and sale of crypto asset securities Tronix (TRX) and BitTorrent (BTT). 

"It is no secret that the SEC's regulatory framework for digital assets is still in its infancy and is in need of further development." Justin Sun said. "We are eager to collaborate with governments and regulatory bodies globally that are dedicated to establishing transparent guidelines for regulating and working with the cryptocurrency industry given the important role it can play."

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