A New York federal judge has denied the U.S. Securities and Exchange Commission's (SEC) request for a pre-trial conference and an additional response in its ongoing securities fraud case against the Tron Foundation and its founder, Justin Sun. The SEC had accused Tron's defense of violating procedure by introducing a new argument. This decision marks a setback for the SEC as it continues to pursue legal action against Tron, which is accused of securities law violations. The case is part of a broader regulatory scrutiny of cryptocurrency firms.
