Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Crypto Analyst places Bitcoin price at $ 120,000 if this range breakdown happens

2025-05-22

Solana to get a big design prevention

2025-05-22

Avalanche rises 11% to $ 25 NA FIFA reveals blockchain and Vaneck Eyes Fund

2025-05-22
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Solana to get a big design prevention

    2025-05-22

    World3 Powers AI-driven Governance on-Chain with Quack AI

    2025-05-22

    Validation Cloud implements AI -Engine on Hedera

    2025-05-22

    Sony announces the Mavet launch of Soneium Blockchain

    2025-05-21

    Nitro Labs launches data anchor to lower the storage costs of Solana

    2025-05-21
  • NFT

    FIFA starts Avalanche L1 to Power Soccer NFT Collectibles Platform

    2025-05-22

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Solana (SOL) strives higher with strong copper support, next stop $ 200?

    2025-05-22

    Bitcoin price reaches new all time above $ 111,000

    2025-05-22

    Analyst predicts huge Bitcoin outburst based on one gold graph, sees the Altcoin market following

    2025-05-22

    Bitcoin price rays to New All Time Bulls takes the lead

    2025-05-22

    Mike Novogratz says that weakening dollars, broadening the shortage and the deteriorating financial situation of America ‘very good’ for Bitcoin and Crypto

    2025-05-21
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Regulation»Terra wins one summary judgment in the SEC case, but sells unregistered securities
Terra wins one summary judgment in SEC case, but sold unregistered securities
Regulation

Terra wins one summary judgment in the SEC case, but sells unregistered securities

2023-12-29No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Terraform Labs won a partial victory on December 28 in a case brought by the US Securities and Exchange Commission (SEC).

Judge Jed Rakoff issued one summary judgment in favor of Terraform Labs, stating that the company did not offer and execute transactions in security-based swaps.

The judge said mAssets offered on the Terra-based Mirror Protocol met most, but not all, of the requirements of security-based swaps. Specifically, he said these do not involve a transfer of financial risk because of mAsset’s collateral model: because users must add new collateral as prices rise, they bear the risk themselves and not of future changes, which debunks the SEC’s complaint.

Judge Rakoff nonetheless issued another summary judgment ruling that largely upheld the SEC’s broader allegations surrounding securities. He ruled that there is “no genuine dispute” that several assets, including Terraform’s UST, LUNA, wLUNA and MIR tokens, are investment contracts and therefore securities. Furthermore, he ruled that these sales were unregistered and violated the Securities Act.

The judge noted that the SEC’s summary judgment motion did not mention any possible financial resolution. He said this will be determined after liability has been established through another summary proceeding.

Fraud claims will be settled at trial

Regardless of the above rulings, the judge said that fraud claims should be resolved at trial as these issues involve “genuine disputes over material facts.”

The SEC’s fraud claims involve two issues. The first concerns an earlier depeg of Terra’s UST stablecoin. The SEC alleges that Terraform Labs co-founder Do Kwon made a deal with Jump Crypto to help UST restore its price peg, while Kwon publicly claimed that Terra’s algorithm solely caused the recovery.

See also  Senate Bill wants to block the presidential crypto -winsts in the midst of Trump Memecoin controversy

The second issue concerns whether Chai Corp., a South Korean payments company founded by Daniel Shin, co-founder of Terraform Labs, actually used the Terra blockchain as advertised. The SEC alleges that Do Kwon falsely represented Chai as processing and settling transactions on the blockchain.

According to the latest filing, the fraud trial will take place on January 29, 2024.

Source link

case Judgment SEC Securities sells Summary Terra Unregistered Wins
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Lawyers for Tornado -Contant developer say that federal prosecutors have withheld critical evidence from the court

2025-05-22

Sec -complaint of $ 100 million against tokenized activa company for crypto -effect fraud

2025-05-22

Billionaire Justin Sun To attend the Crypto dinner with President, says he is ‘top holder’ of Trump’s memecoin

2025-05-22

BPI is releasing policy manifesto and urges us to train in Bitcoin infrastructure

2025-05-22
Add A Comment

Comments are closed.

Top Posts

Unchangeably integrates Transak for Web3 Gaming payments

2023-12-12

Injection Rises 18% in 7 Days – Is $29 Next for INJ?

2024-09-23

‘I Scratched ETH Off’ – Economist Alex Krüger Says One Ethereum Rival Has Now Hit Breakout Velocity

2024-10-27
Editors Picks

Understanding the pros and cons of smart contract upgradeability in DeFi

2024-07-08

Bitcoin resumes rally after a brief hiatus, here’s what happened

2023-10-25

Bitcoin: What Rising Volumes Say About BTC Investors

2024-01-13

Analysts Signal Potential New ATH for BTC

2024-02-12
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Crypto Analyst places Bitcoin price at $ 120,000 if this range breakdown happens

Solana to get a big design prevention

Avalanche rises 11% to $ 25 NA FIFA reveals blockchain and Vaneck Eyes Fund

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$111,364.022.31%
  • ethereumEthereum(ETH)$2,668.144.04%
  • tetherTether USDt(USDT)$1.00-0.05%
  • rippleXRP(XRP)$2.431.35%
  • binancecoinBNB(BNB)$681.862.68%
  • solanaSolana(SOL)$179.294.14%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2414284.14%
  • cardanoCardano(ADA)$0.805.06%
  • tronTRON(TRX)$0.2776651.93%
  • suiSui(SUI)$3.93-1.12%
  • chainlinkChainlink(LINK)$16.834.29%
  • hyperliquidHyperliquid(HYPE)$32.1515.84%
  • avalanche-2Avalanche(AVAX)$25.108.01%
  • stellarStellar(XLM)$0.3015192.65%
  • shiba-inuShiba Inu(SHIB)$0.0000153.67%
  • bitcoin-cashBitcoin Cash(BCH)$434.906.73%
  • hedera-hashgraphHedera(HBAR)$0.2044672.80%
  • unus-sed-leoUNUS SED LEO(LEO)$8.860.62%
  • the-open-networkToncoin(TON)$3.172.40%
  • polkadotPolkadot(DOT)$4.943.75%
  • litecoinLitecoin(LTC)$99.282.69%
  • moneroMonero(XMR)$400.569.19%
  • bitget-tokenBitget Token(BGB)$5.22-0.38%
  • pepePepe(PEPE)$0.0000143.76%
  • piPi(PI)$0.81-0.37%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.04%
  • bittensorBittensor(TAO)$475.0310.24%
  • uniswapUniswap(UNI)$6.472.37%
  • aaveAave(AAVE)$256.901.04%
  • nearNEAR Protocol(NEAR)$3.076.71%
  • aptosAptos(APT)$5.687.90%
  • ondo-financeOndo(ONDO)$1.024.37%
  • okbOKB(OKB)$52.810.87%
  • kaspaKaspa(KAS)$0.1184024.22%
  • official-trumpOFFICIAL TRUMP(TRUMP)$15.453.99%
  • ethereum-classicEthereum Classic(ETC)$19.724.06%
  • internet-computerInternet Computer(ICP)$5.614.46%
  • render-tokenRender(RENDER)$5.209.22%
  • gatechain-tokenGateToken(GT)$21.790.35%
  • crypto-com-chainCronos(CRO)$0.1002002.44%
  • vechainVeChain(VET)$0.0304885.41%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2513045.97%
  • mantleMantle(MNT)$0.762.36%
  • ethenaEthena(ENA)$0.4120612.54%
  • worldcoin-wldWorldcoin(WLD)$1.4626.02%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.8810.81%
  • arbitrumArbitrum(ARB)$0.4338717.38%
  • bitcoinBitcoin(BTC)$111,364.022.31%
  • ethereumEthereum(ETH)$2,668.144.04%
  • tetherTether USDt(USDT)$1.00-0.05%
  • rippleXRP(XRP)$2.431.35%
  • binancecoinBNB(BNB)$681.862.68%
  • solanaSolana(SOL)$179.294.14%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2414284.14%
  • cardanoCardano(ADA)$0.805.06%
  • tronTRON(TRX)$0.2776651.93%
  • suiSui(SUI)$3.93-1.12%
  • chainlinkChainlink(LINK)$16.834.29%
  • hyperliquidHyperliquid(HYPE)$32.1515.84%
  • avalanche-2Avalanche(AVAX)$25.108.01%
  • stellarStellar(XLM)$0.3015192.65%
  • shiba-inuShiba Inu(SHIB)$0.0000153.67%
  • bitcoin-cashBitcoin Cash(BCH)$434.906.73%
  • hedera-hashgraphHedera(HBAR)$0.2044672.80%
  • unus-sed-leoUNUS SED LEO(LEO)$8.860.62%
  • the-open-networkToncoin(TON)$3.172.40%
  • polkadotPolkadot(DOT)$4.943.75%
  • litecoinLitecoin(LTC)$99.282.69%
  • moneroMonero(XMR)$400.569.19%
  • bitget-tokenBitget Token(BGB)$5.22-0.38%
  • pepePepe(PEPE)$0.0000143.76%
  • piPi(PI)$0.81-0.37%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.04%
  • bittensorBittensor(TAO)$475.0310.24%
  • uniswapUniswap(UNI)$6.472.37%
  • aaveAave(AAVE)$256.901.04%
  • nearNEAR Protocol(NEAR)$3.076.71%
  • aptosAptos(APT)$5.687.90%
  • ondo-financeOndo(ONDO)$1.024.37%
  • okbOKB(OKB)$52.810.87%
  • kaspaKaspa(KAS)$0.1184024.22%
  • official-trumpOFFICIAL TRUMP(TRUMP)$15.453.99%
  • ethereum-classicEthereum Classic(ETC)$19.724.06%
  • internet-computerInternet Computer(ICP)$5.614.46%
  • render-tokenRender(RENDER)$5.209.22%
  • gatechain-tokenGateToken(GT)$21.790.35%
  • crypto-com-chainCronos(CRO)$0.1002002.44%
  • vechainVeChain(VET)$0.0304885.41%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2513045.97%
  • mantleMantle(MNT)$0.762.36%
  • ethenaEthena(ENA)$0.4120612.54%
  • worldcoin-wldWorldcoin(WLD)$1.4626.02%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.8810.81%
  • arbitrumArbitrum(ARB)$0.4338717.38%