Tron Wins Round As Judge Denies SEC Request to Expedite Legal Proceedings

A federal judge in New York has rejected the motion of the U.S Securities and Exchange Commission (SEC) to expedite legal proceedings in its ongoing securities fraud case against the Tron Foundation and its founder, Justin Sun.

The Tron Foundation and its founder, Justin Sun, have countered accusations made by the U.S. Securities and Exchange Commission (SEC) in an ongoing securities fraud case.

The SEC had alleged that the defendants made new legal arguments regarding the so-called ‘common enterprise’ element of the Howey Test, which is used to distinguish investment contracts under U.S. securities laws. The SEC claimed that the defense presented this argument after they filed their motion to dismiss the case, which is against legal norms.

However, the defense has argued that they never challenged the ‘common enterprise’ element of the Howey Test and that the SEC is attempting to create a straw man argument.

The defense also stated that the SEC had ample opportunity to address the issue in its initial complaint and failed to do so. They further argued that the SEC is now trying to amend its complaint through the backdoor by making these accusations.

The Tron Foundation and Justin Sun have maintained their innocence throughout the case, and their legal team has aggressively defended them against the SEC's allegations.

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