New York: the federal judge sides with Tron against the SEC in the case on securities

New developments in the ongoing lawsuit between the Securities and Exchange Commission of the USA (or SEC) against Tron Foundation and Justin Sun.

The Securities and Exchange Commission (SEC) is engaged in an ongoing lawsuit against Tron Foundation and Justin Sun securities regarding securities. In the latest development, the SEC attempted to highlight an oversight by the defense. #🎜🎜 #

However, a judge in New York has sided with Tron against the SEC in the case.

The story revolves around the lawsuit, which depicts the legal issues that Tron Foundation and Justin Sun have regarding securities. The second half of the story follows a New York judge ruling in favor of the SEC in the Tron securities case.

The SEC filed a letter with the court on August 12, highlighting that the defense appeared to be introducing a “new argument.” The argument in question pertains to the sales of TRX and BTT tokens, which the SEC claims were unregistered securities.

Both parties are utilizing the Howey test to determine the classification of the tokens.

The story begins with the SEC filing a letter with the court on August 12th. According to the contents of the letter, the defense appears to be introducing "new arguments." This claim concerns the sale of TRX and BTT tokens, which the SEC claims are unregistered securities. The parties are using the Howie test to determine the classification of the tokens.

Specifically, the SEC is arguing that the defense is attempting to introduce a new argument without seeking leave to amend their motion to dismiss. The SEC is asking the court not to consider the new argument in Sun's motion to dismiss or to compel them to file a “sur-reply” to address the new argument.

The story unfolds as the SEC claims the defense is trying to introduce new arguments without permission to amend the defense. The SEC is asking the court not to include the new allegations in its motion to dismiss Sun's defense and to allow the defense to file "additional arguments" to address the new allegations.

However, Tron’s lawyers wasted no time in responding to the SEC’s letter. They penned their own letter to Judge Edgardo Ramos of the United States District Court for the Southern District of New York (SDNY).

In their letter, Tron Foundation and Justin Sun accused the SEC of “attempting to create a controversy.” They urged the court to deny the SEC’s request for a pre-trial conference.

The story, however, unfolds as Tron's lawyers quickly react to the SEC's letter. The lawyers wrote their letter to Judge Edgardo Ramos of the United States District Court for the Southern District of New York (SDNY). In the letter, Tron Foundation and Justin Sun accused the SEC of trying to "create controversy." The attorneys asked the court to deny the SEC's request for pretrial conferences.

Judge Ramos stepped in and issued his decision on August 19, siding with the defenders of Tron.

“In light of the defendants’ concession not to contest the ‘common enterprise’ element of the Howey test, the SEC’s request to strike the untimely argument or to file a supplemental reply is denied.”

The story unfolds when Judge Ramos grasps the situation and issues a verdict on August 19th. The verdict was in Tron's defense. "Given that Defendants do not dispute the 'common business' element of the Howie test, the SEC's request to remove expired claims or submit additional arguments is denied."

Essentially, the judge's decision is based on the fact that the Tron defendants assigned not to contest the “common enterprise” element of the Howey test. As a result, the court does not find the defense's argument to be a new line of defense.

The story essentially revolves around the fact that the decision was based on the fact that Tron found that he did not challenge the "common business" element of the Howie test. As a result, the court has not considered the defense's arguments to be a new defense policy.

Despite the setback, the lawsuit against Sun and its companies continues. Sun's motion to dismiss the case argues that the tokens were sold “entirely abroad” with measures taken to avoid the U.S. market. According to Sun, the SEC is not a global regulatory authority.

物語は、この挫折にも関わらず、サンとその会社に対する訴訟は続いているところへと展開する。サンによる本件棄却の申し立ては、トークンが米国市場を回避するための措置を講じて「完全に海外で」売却されたと主張している。サンによれば、SECは世界的な規制当局ではないという。

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