New York Jury Finds Do Kwon, Terraform Labs Liable for Fraud in SEC Case
The SEC accused Kwon and his company of misleading investors about the stability of their so-called “algorithmic stablecoin” Terra USD.
The SEC accused Kwon and his company of misleading investors about the stability of their so-called “algorithmic stablecoin” Terra USD.
The U.S. SEC has argued that Do Kwon and his company lied to investors about the stability of TerraUSD and its integration with a Korean mobile payments app.
The Securities and Exchange Commission has opened up comment periods for ETF applications for Grayscale, Fidelity and Bitwise.
The defendants argue that the SEC failed to establish that the court has jurisdiction over the foreign defendants.
The BlackRock CEO isn’t worried about the U.S. Securities and Exchange classifying Ethereum’s ether as a security.
The chairmen of two House committees want SEC Chair Gary Gensler to describe how the first special purpose crypto broker-dealer can legally handle ETH.
The court documents filed in a New York court on Monday are currently under seal.
The scope of the investigation is unknown.
The settlement comes days after a New York judge denied motions by Genesis and crypto exchange Gemini to stop the SEC case.
Paradigm, the Crypto Council for Innovation and others weighed in to support Coinbase’s effort to push the U.S. securities regulator for crypto rules.