Today news
About the same in other media
‘SEC failed to follow its own rule,’ Terraform CEO responds to SEC enforcement action
Reading now: 930
It should have been a good month for Terraform Labs, as Terra’s LUNA has been rallying since November. However, some news on the legal front means the blockchain company could soon be in court.
The United States Securities and Exchange Commission [SEC] previously issued two subpoenas to Terraform Labs CEO Do Kwon. However, Kwon responded by suing the SEC for the way it served the documents.
On 12 November, however, the SEC stated it had filed an action against Terraform Labs and Kwon. This was to obtain an order which would force the company to comply with the regulator’s investigative subpoenas. The SEC further claimed that Terraform Labs and Kwon have not submitted any documents.
But Terraform Labs presented its side of the argument. The
Read more on ambcrypto.comAbout this in other media
Ripple Makes 'Good Progress' in Legal Row With SEC, Says Brad Garlinghouse cryptonews.com /3 years ago
Invesco Joins Bitwise in Blaming the SEC for Decision to Withdraw ETFs cryptonews.com /3 years ago
XRP prices suppressed due to SEC lawsuit, strong fundamentals driving interest ambcrypto.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
