The Tron Foundation has asked a New York court to dismiss SEC's lawsuit, arguing that the U.S. regulator does not have the authority to regulate "offerings of foreign digital assets to foreign buyers on global platforms.".
In a March 28 motion, the company said SEC was exceeding its authority by trying to apply U.S. laws to foreign nationals. Tron claims that the BTT tokens were sold outside the U.S. and steps have been taken to avoid the U.S. market.
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