Terra Lianchuang litigation progress: South Korean prosecutors will apply to add the XRP judgment of the US court as evidence

Odaily Planet Daily News South Korean prosecutors stated at the pre-trial meeting of Terraform Labs co-founder Daniel Shin in the Seoul Southern District Court that they plan to apply for the judgment of the New York Southern District Court on the attributes of virtual currency securities as additional evidence. In July of this year, according to documents released by the Southern District Court of New York, the judge held that the sale of XRP on exchanges and through algorithms did not constitute an investment contract, and that institutional sales violated securities laws in response to the motion for summary judgment in the SEC and Ripple lawsuit. (Yonhap News Agency)