Coinbase and Justin Sun are both accused by the US SEC today, hoping to seek more transparent regulatory guidelines

On March 23, Sun Yuchen, a member of the Huobi Global Advisory Committee, responded to the lawsuit filed by the United States Securities and Exchange Commission (hereinafter referred to as the SEC) on a social platform, stating that the SEC’s lawsuit lacks foundation and will continue to build a decentralized financial system.

Interpretation of this information:

Sun Yuchen, a member of the Huobi Global Advisory Committee, recently took to social media to express his response to a lawsuit that was filed against him and his company by the United States Securities and Exchange Commission (SEC). In his statement, Yuchen claimed that the lawsuit appeared to lack any real foundation, and that he believed his company was on the right path towards building a more decentralized financial system.

The SEC’s lawsuit against Yuchen and his company is related to the recent sale of $4.1 billion in digital currency by TRON, a company that Yuchen founded. The SEC has accused Yuchen of violating certain securities regulations during the sale, and has since filed a lawsuit against him and his company.

Despite the SEC’s allegations, Yuchen has been undeterred in his pursuit of a more decentralized financial system. He believes that the sale of digital currency by TRON was in line with his company’s goals of creating a more open, transparent financial system that is not controlled by any single entity.

While the lawsuit filed by the SEC is certainly a setback for TRON and Yuchen, it is unclear at this time how it will ultimately affect the company’s plans for building a more decentralized financial system. Yuchen has remained optimistic in his statements, indicating that he will continue to defend himself and his company against the allegations made by the SEC.

In summary, Sun Yuchen has responded to a lawsuit filed by the SEC by stating that the suit lacks foundation and that he and his company will continue to work towards building a more decentralized financial system. Despite the setback posed by the lawsuit, Yuchen remains confident in his company’s vision and plans to continue defending against the SEC’s allegations.