Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Terraform Labs asks jury to decide whether UST and LUNA are securities

Terraform Labs asks jury to decide whether UST and LUNA are securities

CointimeCointime2023/12/06 22:24
By:Cointime

According to The Block, on December 7th, Terraform Labs requested a New York judge to let the jury decide whether UST and LUNA tokens are securities. In a letter written to Judge Jed Rakoff on Monday, Terraform Labs lawyer David Kornblau stated that the jury should determine "whether the SEC has fulfilled its responsibility to prove that UST, LUNA, wLUNA, and MIR tokens are securities." Previously, the U.S. Securities and Exchange Commission (SEC) argued in a document that juries almost never decide whether an asset belongs to an investment contract, and that this matter should be decided by a judge. In February of this year, the SEC sued Terraform Labs and its co-founder Do Kwon, accusing them of raising billions of dollars through the issuance and sale of unregistered securities.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Bitcoin is inches away from cracking all-time high against gold

If gold remains steady today, a single move from bitcoin to $98,500 would do it

Blockworks2024/11/21 20:44