SEC Files Amended Suit against Justin Sun and ‘Alter Ego’ Firms

The SEC has filed an amended lawsuit against Tron founder Justin Sun, claiming that he traveled extensively throughout the US and took actions directed towards the country. The SEC argues that this gives them enough "personal jurisdiction" over Sun, Tron, and two other businesses linked to him. The amended filing also alleges that Sun spent at least 380 days in the country between 2017 and 2019 on business trips representing the Tron Foundation and his alter ego firms. Sun had previously sought to dismiss the SEC's original lawsuit in March, but the allegations remain unchanged.