More legal tussling as the blockchain company claims that the so-called Fox Declaration should have been classified as expert testimony, not "standard summary evidence," as the SEC claims.
The defendants challenge the SEC's authority to regulate their 2017 ICO, which Justin Sun and the Tron Foundation claim wasn't targeted at U.S. investors and involved primarily foreign participants.
More legal tussling as the blockchain company claims that the so-called Fox Declaration should have been classified as expert testimony, not "standard summary evidence," as the SEC claims.
The defendants challenge the SEC's authority to regulate their 2017 ICO, which Justin Sun and the Tron Foundation claim wasn't targeted at U.S. investors and involved primarily foreign participants.
The agency is under fire, facing lawsuits from Consensys and the Blockchain Association, which argue that its recent regulations constitute unlawful overreach.
The brief claims the SEC’s actions fall within its traditional regulatory scope, opposing Kraken's claim that these actions are extraordinary or lack congressional authorization.
The regulator issued the DEX with a Wells Notice, possibly for acting like an "unregistered securities" exchange. Uniswap argues the SEC is abusing its power and plans to fight the potential lawsuit.
