Justin Sun: SEC Lawsuit Doesn’t Affect TRON and Huobi’s Expansion Plan
- Justin Sun has said that the lawsuit between the SEC and TRON does not affect TRON’s business and Huobi’s development plans.
- This is the first official statement on the situation of TRON and Huobi since he was caught up in the accusation of illegally selling securities with TRX and BTT.
- Previously, Sun argued that the SEC’s claims about his tokens were false because they are legal currency in Dominica.
Today’s interview with TRON founder, Justin Sun, revealed the SEC’s allegations failed to affect TRON’s business and Huobi’s expansion plans.
TRON founder Justin Sun recently accepted an exclusive interview with Wang Feng, editor-in-chief of FT Chinese Network. During the interview, Justin Sun answered market concerns such as the SEC’s response plan, Huobi’s situation as a WTO ambassador, and the development prospects of the crypto industry in Hong Kong, Latin America, and the United States.
Sun stated that the U.S. Securities and Exchange Commission (SEC) lawsuit did not have a material impact on the business and users of TRON and BitTorrent and that the related case does not involve Huobi.
Previously, there were some comments that the SEC lawsuit and the TRON founder’s tension could affect Huobi’s development plans because he is responsible for being a global advisor for Huobi. In the interview, he said that the legal team would handle the SEC’s response to the lawsuit and that the case would not affect Huobi’s plans to move its Asia headquarters to Hong Kong.
Regarding handling recent HT currency price fluctuations, “99.9% of the losers have reached a satisfactory settlement agreement with Huobi,” said Sun Yuchen.
As mentioned earlier, on the morning of March 23, TRON founder Justin Sun made his first statement after being sued by the SEC, alleging that TRX and BTT were securities and manipulating the behavior market.
Mr. Sun said that the SEC’s targeting of TRON is just a continuation of a string of legal actions imposed on many other organizations in the crypto industry in recent times. Sun said the SEC’s argument is unconvincing given the agency’s lack of a specific regulatory framework for crypto, calling the SEC’s lawsuit a “civil complaint.”
TRON said that it would be ready to work with authorities and regulators to develop transparent supervisory regulations for the crypto industry, noting that by the end of 2022, the Dominican island nation has recognized TRX and BTT as a legal platform payment methods.
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