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New York judge rejects SEC request for mandatory pretrial conference in Justin Sun lawsuit

On August 24th, according to Coindesk, a judge in New York rejected a request by the Securities Exchange Commission (SEC) to either force a pretrial conference or file additional responses in a securities fraud lawsuit against the Tron Foundation and its founder Justin Sun. In its August 12 letter to the court, the SEC accused the defense of trying to sneak in a new argument that "the sale of TRX and BTT did not meet the" common enterprise "criteria of the Howell test." In response, Tron's lawyers hit back at the SEC's letter, writing a letter to Judge Edgardo Ramos 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 deny the SEC's request for a pretrial conference. The judge ultimately sided with Tron's lawyers and rejected the SEC's request.