Terraform Labs must face US SEC fraud allegations, judge rules

Terraform Labs must face US SEC fraud allegations, judge rules

(Corrects paragraph 7 to Terraform Labs case instead of Ripple case) By Jody Godoy NEW YORK (Reuters) -Terraform Labs and its founder Do Kwon must face fraud allegations brought by the U.S. Securities and Exchange Commission, a federal judge in Manhattan ruled on Monday. Kwon and Terraform Labs were behind two cryptocurrencies whose implosion roiled crypto markets around the world last year. U.S. District Judge Jed Rakoff denied their motion to …

Terraform Labs must face US SEC fraud allegations, judge rules

NEW YORK : Terraform Labs and its founder Do Kwon must face fraud allegations brought by the U.S. Securities and Exchange Commission, a federal judge in Manhattan ruled on Monday.Kwon and Terraform Labs were behind two cryptocurrencies whose implosion roiled crypto markets around the world last year. U.S.

Judge Refuses to Dismiss SEC Lawsuit Against Terraform Labs Despite Ripple Ruling

The ruling found that crypto "falls far short" of having the significance needed for Congress to review regulation.

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