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Terraform Labs, known for its involvement with the UST stablecoin and LUNA cryptocurrency, has requested a New York judge. The company seeks a jury trial to determine the regulatory status of its tokens, diverging from the Securities and Exchange Commission's (SEC) preference for a judicial ruling.
A new Cosmos chain dawn: are LUNC and LUNA crypto communities about to strengthen their pact?
Terraform Labs and the SEC are fighting in court over who should define the legal status of Terra, LUNA wLUNA, and MIR tokens.
In a legal saga marked by twists and turns, Do Kwon, the co-founder of Terraform Labs, has taken a decisive step in challenging his extradition orders from the Montenegrin High Court. Kwon, a prominent figure in the crypto world, recently lodged an appeal against the court's ruling, injecting a fresh layer of uncertainty into a case that has captivated global attention.
The Terraform Labs co-founder Do Kwon, who is supposed to be extradited from Montenegro after Dec. 15, has reportedly appealed against the court's decision.
The court order mandates Do Kwon extradition decision to either South Korea or the United States for criminal prosecution amid his legal battles with the SEC. Coincu News
Do Kwon, founder of Terraform Labs, is fighting a court order mandating his extradition to either South Korea or the U.S. for criminal prosecution.
In a recent development, Kwon Do-hyung, the founder of Terraform Labs (TFL), has lodged an appeal against the extradition ruling by the High Court of Podgorica in Montenegro. Will Court Hear Do Kwon's Appeal Against Extradition?
The ongoing recovery trend in Terra Classic coin price witnessed a sharp reversal from the $0.00028 High. In just two days, the coin value has plunged 26.6% to reach the current trading price of $0.000206.
In a gripping legal saga that traverses international borders, Do Kwon, the pioneering mind behind Terraform Labs (TFL), has taken a bold step in appealing against the extradition ruling issued by the High Court of Podgorica in Montenegro.
The US Securities and Exchange Commission (SEC) requested the judge overseeing the case against Terraform Labs to rule whether Terraform offered and sold unregistered securities. The SEC argues that a jury should not determine the status of securities.
The U.S. Securities and Exchange Commission (SEC) has requested a judge, rather than a jury, to determine whether certain cryptocurrencies involved in the Terraform Labs case are classified as securities.
According to the SEC, tokens at issue in its civil case against Terraform Labs should be a “legal question” for a court, “not a factual question for the jury.”
Legal teams representing Terraform Labs and Do Kwon have taken steps to bolster their defense in the ongoing lawsuit brought against them by the U.S. Securities and Exchange Commission (SEC).
Amidst the legal tussle involving Terraform Labs and its founder, Do Kwon, a recent development has brought attention to a potential issue concerning the U.S. Securities and Exchange Commission (SEC).
The U.S. Securities and Exchange Commission (SEC) is facing challenges in the Terraform Labs case, currently in legal proceedings in the Southern District of New York. The trial, set for January 2024 and overseen by Judge Rakoff, has recently brought attention to the SEC's actions.
The U.S. Securities and Exchange Commission (SEC) finds itself in troubled waters during the legal proceedings against Terraform Labs. The trial, taking place at the Southern District of New York and presided over by Judge Rakoff, is slated for January 2024. However, recent developments have shifted the spotlight onto the SEC's conduct.
Terraform Labs, facing a securities lawsuit from the U.S. Securities and Exchange Commission (SEC), made a request on Dec. 4, 2023, for a summary judgment to conclude the case.
In a notable development in the ongoing legal saga involving Terraform Labs and its founder, Do Kwon, the company's legal team has highlighted a potential sanction threat against the U.S. Securities and Exchange Commission (SEC) by a federal judge in Utah. This situation emerged in the high-profile case overseen by Judge Jed S.
The legal team of Terraform Labs and its founder, Do Kwon, has drawn attention to a potential sanction threat against the SEC by a Utah federal judge.
The crypto market has started the month with a bullish momentum, as evidenced by the ongoing surge in the prices of digital assets, providing investors with opportunities to look for the best cryptos to buy now. Meanwhile, several analysts believe that the recent rally is due to optimism over potential Bitcoin Spot ETF approval, upcoming
The crypto market has recorded a massive jump in its valuation as major tokens have added significant value to their respective portfolio recently. Further, Bitcoin price crosses the $40K mark, highlighting a bullpower in the crypto space. On the other hand, Terra tokens have outperformed top cryptocurrencies, following the news of revamping the USTC.
This week, Terraform Labs' Terra Luna Classic (LUNC) and TerraClassicUSD (USTC) have recorded gains of over 130% and 235%, respectively.
Few names have sparked as much intrigue and controversy as Do Kwon (sometimes called Kwon Do). From the meteoric rise of Terra Luna to its sudden and tumultuous downfall, Do Kwon has become a figure of significant interest and speculation.
