The Ripple decision taken by the US Securities and Exchange Commission (SEC) is one of the most talked about events of recent times and does not seem to fall off the agenda. But for most people, one question comes to mind: “Will other entities be sued?”
This example, which is now a fearful dream for many investors, has led to the emergence of many speculative news. It has been widely said that lawsuits will be filed against USDT, BNB Coin, Chainlink and TRON, which will scare those who think the series of lawsuits will continue.
In response to these scary news involving TRON (TRX), TRON CEO Justin Sun made a statement on Twitter. He said that all the rumors of the lawsuits are lies and that neither the TRON Foundation nor Bittorrent can be investigated by any institution, especially the USA or China. Stating that no one, including himself, has control over the TRON network, Sun added:
“NEVER THE TRON FOUNDATION AND OTHER MANAGERS, INCLUDING ME, CANNOT CHECK THE VERIFICATOR NETWORK, DETERMINE WHO USED OR HOW THE ASSETS EXCHANGED. THE FOUNDATION IS ONLY ONE OF THOUSANDS OF VEHICLES THAT CONTRIBUTE ON THE TRON NETWORK. ”
In a report recently published by CV co-founder Adam Cochran, he shared that there are some vulnerabilities for TRON that are centralized and can be played by one person in the system. Sun completely denied the report on this matter and reiterated its promise to remain transparent.
According to Adam Cochran’s report, the SEC can still sue Tron. Because the report reveals enough reasons to blame Sun, which is said to have business relationships with US-based Bittorrent and Poloniex companies. It is also added that some new TRC20-based tokens that allow high processing power in leverage transactions on Poloniex are listed. For Poloniex, if the US users are proven, some sanctions may come, such as the BitMEX exchange.