TechFlow reports on March 23 that Justin Sun, member of Huobi Global's Advisory Board, responded on social media to the lawsuit filed by the U.S. Securities and Exchange Commission (hereinafter "SEC"), stating that the SEC's allegations are unfounded and that he will continue building the decentralized financial system.
Justin Sun said the civil complaint issued earlier today by the SEC is merely the latest example of its actions against prominent figures in the blockchain and cryptocurrency space. He added that the SEC’s regulatory framework for digital assets remains in its early stages and requires further development. Citing Dominica’s adoption of TRX and BTT as legal tender, Sun expressed his desire to collaborate with governments and regulatory bodies worldwide to establish transparent guidelines for regulating the crypto industry, which he believes will play a crucial role.
