Sun Yuchen responds to the U.S. SEC: The accusations lack basis

ChainCatcher news, Justin Sun tweeted that the allegations from the U.S. Securities and Exchange Commission (SEC) this morning are unfounded, and he will continue to build a decentralized financial system. It is well known that the SEC's regulatory framework for digital assets is still in its infancy and needs further development. Additionally, he is eager to collaborate with governments and regulatory agencies around the world to establish transparent guidelines for regulating the cryptocurrency industry.

Previous report, the SEC accused Justin Sun and his three wholly-owned companies, Tron Foundation, BitTorrent Foundation, and BitTorrent, of allegedly illegal securities sales, fraud, and market manipulation. (Source link)