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17.06 - 15:43
Breaking: Terraform Labs and Do Kwon Agree To Settle SEC Case
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Terraform Labs and Do Kwon have reportedly agreed to settle their case with the United States Securities and Exchange Commission (SEC), new court documents revealed Thursday.
According to court records, an oral argument between Do Kwon and Terraform Labs and the SEC scheduled on May 29 was cancelled “because the parties have informed the Court that they reached a settlement in principle.”
Both parties have until June 12 to submit papers which would effectively finalize the agreement.
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