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Court Halts Ruling in SEC v. Coinbase Case During Appeal Process
In a significant ruling for the cryptocurrency industry, Judge Katherine Failla recently granted Coinbase, one of the largest cryptocurrency exchanges globally, the right to file an interlocutory appeal. This decision stems from ongoing debates regarding the classification of certain cryptocurrencies as securities under the purview of the U.S. Securities and Exchange Commission (SEC). The ramifications…
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Terraform Labs Co-Founder Do Kwon Declares Not Guilty in U.S. Courtroom
Do Kwon, the co-founder of the Terraform Labs and the architect behind the now-defunct cryptocurrency Luna, is facing a significant escalation in legal woes as he has been hit with an additional charge, bringing the total to nine. Previously, Kwon was charged with eight counts, which included serious allegations such as securities fraud and conspiracy…
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Terraform Labs claims SEC’s alleged misrepresentations in DEBT box case as grounds for summary judgment
Terraform Labs Requests Summary Judgment in SEC Lawsuit, Citing Misrepresentations in DEBT Box Case Terraform Labs, a prominent blockchain company, has requested a summary judgment in the ongoing lawsuit brought against it by the U.S. Securities and Exchange Commission (SEC). The request, made on December 4, 2023, argues that the SEC has misrepresented facts in…