Judge Refuses to Dismiss SEC Lawsuit Against Terraform Labs Despite Ripple Ruling
DownvoteIn a high-stakes ruling for the crypto industry, U.S. District Judge Jed Rakoff on Monday denied Terraform Labs' motion to dismiss the securities fraud lawsuit filed against it by the Securities and Exchange Commission. The decision allows the SEC's case against Terraform Labs and its founder Do Kwon to move forward, rejecting defense arguments that the agency lacked…
This story from decrypt.co was posted on 2023-08-01 by @seabree.