Terraform Labs asks for jury to decide whether UST and LUNA tokens are securities
David Kornblau, the lawyer for Terraform Labs, stated that the jury should decide whether the U.S. Securities and Exchange Commission fulfilled its responsibility to prove that UST, LUNA, and MIR tokens are securities.It is reported that in February of this year, the U.S. Securities and Exchange Commission (SEC) sued Terraform Labs and its co-founder Do Kwon, accusing them of raising billions of dollars from investors by "offering and selling a set of interrelated cryptographic asset securities, many of which were unregistered for trading."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SBF Movie in the Works as Hollywood Takes on His Life Story
Genius Group to Make Bitcoin the Main Treasury Asset and Buy $120 Million in BTC
Cryptocurrency exchange Revolut X is now available to users from 30 European countries
Sberbank has announced when the first settlements in cryptocurrency will be carried out