New York judge denies SEC's request to force pretrial conference in Justin Sun lawsuit

BlockBeats news, on August 24, Coindesk reported that a New York judge rejected the U.S. Securities and Exchange Commission (SEC)'s request to force a pre-trial conference or require it to submit an additional response in the securities fraud lawsuit against the Tron Foundation and its founder Justin Sun.

In a letter submitted to the court on August 12, the SEC accused the defense of trying to sneak in a new argument that "the sales of TRX and BTT do not meet the "common enterprise" standard of the Howey test."

In response, Tron's lawyers fought back against the SEC's letter. They wrote a letter to Edgardo Ramos, a judge of the U.S. District Court for the Southern District of New York, accusing the SEC of "trying to create controversy" and urging the court to reject the SEC's request for a pre-trial conference. The judge ultimately sided with Tron's lawyers and rejected the SEC's request.