Judge rules Terraform Labs violated rules: LUNA and MIR deemed securities

Federal Judge Rakoff rules $LUNA and $MIR as securities, finding Terraform Labs violated U.S. laws. SEC trial, scheduled Jan 29, 2024, centres on Terra’s UST stablecoin collapse and $25M alleged fraud. Jump Trading’s involvement adds complexity; the SEC insists Judge Rakoff, not a jury, decides securities status. In a recent legal development, Federal Judge Jed […] source: https://coinjournal.net/news/judge-rules-terraform-labs-violated-rules-luna-and-mir-deemed-securities/