Terraform Labs vs. SEC Civil Battle Proceeds Despite Do Kwon's Absence
The civil battle between Terraform Labs and the SEC proceeds without Do Kwon, with the trial focusing on fraud allegations.
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The civil battle between Terraform Labs and the SEC proceeds without Do Kwon, with the trial focusing on fraud allegations.
Judge Rakoff's rulings present a complex scenario for Terraform Labs, with both favorable and adverse outcomes in their legal battle with the SEC.
US District Judge Analisa Torres has referred the case to Magistrate Judge Sarah Netburn.
According to Marc Fagel, an SEC veteran and former Director, a ruling in the case between the SEC and Ripple might be coming in days.
Legal expert John Deaton explains what's going on.
legal experts expect that the matter may be resolved by the end of this quarter
The U.S. SEC on Thursday charged Do Kwon with securities fraud involving its algorithmic stablecoin Terra USD and the LUNA token.
The ongoing legal battle between blockchain firm Ripple and the Securities Exchange Commission (SEC) is projected to impact the general crypto market.
Currently, the community is awaiting the ruling date, with both parties having made final submissions.
The crypto community is still awaiting the ruling in the Ripple and Securities Exchange Commission (SEC) case.