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The Tron Foundation seeks to dismiss an SEC lawsuit, contending the regulator's jurisdiction over its foreign activities is unwarranted.

The entity behind layer-1 blockchain Tron has urged a New York federal court to dismiss a lawsuit against it brought by the United States Securities and Exchange Commission (SEC).

The Tron Foundation is boldly against the U.S. SEC in a legal battle over regulating its digital token sales. In a motion to dismiss filed with a New York federal court, Tron argues that the SEC's jurisdiction does not extend to transactions conducted on global platforms involving foreign buyers.

On March 28, Tron Foundation urged a New York federal court to drop a lawsuit initiated by the U.S. SEC, arguing that the SEC is overreaching by targeting actions that primarily occurred outside the U.S. The foundation's dismissal motion highlights its stance against the SEC's global jurisdiction claims over its digital asset offerings.

Tron Foundation disputes the SEC lawsuit, citing overreach in foreign regulation.

Tron asked for the SEC's suit to be dismissed, saying it has no authority over “foreign digital asset offerings to foreign purchasers on global platforms.”

Cybercriminals favor TRON blockchain for low fees, stable prices, and perceived transaction anonymity.

TRON's (TRX) price is still falling below the moving average lines. Price analysis by Coinidol.com.

TRON DAO has emerged as a pivotal player, experiencing an extraordinary surge in USDT transaction volumes. This surge, witnessed within the TRON ecosystem via Tron DAO, not only underscores TRON's scalability advantage but also sheds light on the complexities surrounding USDT and Tether's expansion efforts.

TRM Labs has shone a fresh light on the field of illicit cryptocurrency transactions of 2023. The findings indicated that the Tron blockchain accounted for 45% of all scamming activities.

According to analytics firm TRM Labs, the Tron blockchain is responsible for a whopping 45% of illegal cryptocurrency transactions in 2023, the South China Morning Post reports.

USDT transactions on TRON DAO have experienced a significant upswing since February.

Dune Analytics partners with TRON, enhancing data access and offering a $650,000 prize for HackaTRON developers.

Data revealed by analysts at blockchain forensics firm TRM Labs shows that TRON hosted 45% of all illicit volume in 2023.

Binance's decision to cease Tron USDC support was communicated through a statement indicating that the change would take effect by April 5. However, transactions involving USDC via other supported networks, such as Ethereum, remain unaffected by this decision.

Binance is also facing some global challenges as the Philippines blocks access to the exchange over license issues and CommEx, its Russian successor, shuts down.

In response to escalating regulatory pressures and an impending blockade by the Philippines Securities and Exchange Commission (SEC), Binance, a prominent cryptocurrency exchange, has announced the cessation of support for Tron network-based USD Coin (USDC) stablecoins.

Binance will discontinue minting USDC on the Tron network by early-April.

Crypto exchange Binance said it would end support for Tron network-based USD Coin (USDC) stablecoins by April 5, according to a March 25 statement, following recent news Circle is pulling out of the Tron blockchain entirely.

Along with its entry into the Bitcoin L2 ecosystem, Tron DAO is preparing to release user-friendly wallets and toolkits to handle Bitcoin-based assets such as Ordinals and BRC-20 tokens.

Binance to end support for the USDC token on Tron network.

TL;DR Binance ceases support for deposits and withdrawals of USDC on the Tron network (TRC20), following a similar decision by Circle. Circle argues that the measure aims to maintain the trust and security of the stablecoin.

Crypto exchange Binance will end support for TRC-20-based USDC tokens on April 5, following an announcement by USDC issuer Circle to discontinue support for the stablecoin on the Tron blockchain. Circle ceased minting USDC on Tron and aims to phase out support entirely, aligning with efforts to maintain USDC's trust, transparency, and safety.

The Tron (TRX) price took a downturn towards the end of February, just as most of the crypto market began trending upwards, with many even marking new all-time highs.