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Class-action certification could force crypto company to alert shareholders to the case and alter SEC document for listing on Nasdaq.

ETH was back in the red this morning. The Terraform Labs case delivers investors another curveball to contend with as the SEC targets more platforms.

Terraform Labs has recently come under scrutiny regarding its crypto holdings. On-chain analysis by Arkham Intelligence suggests that they may possess over $159 million worth of cryptocurrency, contradicting their previous statements.

After modest gains on Tuesday, XRP was back in the red this morning. The number of headwinds are rising as SEC appeal uncertainty lingers.

The judge in the FTX bankruptcy proceedings is permitting Terraform Labs to subpoena relevant information from the exchange in its ongoing case against the U.S. Securities and Exchange Commission (SEC). According to Judge John Dorsey's filing on July 31st, Terraform Labs can issue subpoenas to FTX Trading and FTX.

Judge John Dorsey from the U.S. Bankruptcy Court has sanctioned Terraform Labs' request to subpoena vital documents, potentially aiding its defense against fraud charges made by the SEC in the ongoing FTX bankruptcy case. District of Delaware's U.S.

The crypto industry has been in high spirits after a federal judge ruled that programmatic sales of Ripple's XRP token are not classified as securities. A dueling opinion from a different federal judge issued Monday however may burst crypto fans' bubble.

On July 31, federal judge Jed Rakoff denied Terraform Labs' motion to dismiss the SEC's lawsuit against their company and founder, Do Kwon. He refused to apply the logic from the recent ruling in favor of Ripple Labs, which determined that Ripple's XRP sales did not violate federal securities laws because the sales were made to institutional investors and not to the general public.

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Oliver Linch, CEO and general counsel of Bittrex Global, weighs in on Worldcoin's launch sparking privacy concerns in Europe.

Terraform Labs could be holding more than $159 million worth of crypto despite previous claims to the contrary, according to new on-chain sleuthing performed for Arkham Intelligence. The sleuthing, executed by the pseudonymous on-chain analyst ErgoBTC and another anonymous on-chain researcher, was incentivized by a bounty of 9519.263 Arkham's newly launched native token (ARKM).

Judge Rakoff has denied a motion to dismiss the Terraform Labs lawsuit against the SEC and expressed disagreement with the recent ruling in Ripple's case. Terraform Labs Fails to Follow the Road taken by Ripple against SEC Last month, Ripple Labs celebrated its partial but remarkable victory in the 3-year-long battle against the US Securities and Exchange Commission (SEC).

Terraform Labs claimed that the failures of its algorithmic stablecoin and governance token were the result of an attack from short sellers, potentially involving Alameda Research.

The implications of this judgment are significant for both Terraform and the broader ecosystem.

Not only that, the same judge also rejected the decision regarding Ripple, which stated that the crypto company had not violated the securities law with XRP.

After a federal judge issued a conflicting decision in a Terra case that the SEC had filed, the classification of digital assets in the US is still up in the air. The court rejected the judge's ruling that Ripple's XRP sales did not break any securities regulations in the Terra case.

In the month of June, Terra underwent multiple integrations and passed a few governance proposals, which looked optimistic for the blockchain. However, LUNA continued suffering.

In a significant development in the cryptocurrency space, US District Judge Jed Rakoff dealt a blow to the ruling in the XRP case, challenging the distinction made between public and institutional sales of XRP as non-security offerings. This ruling allows the Securities and Exchange Commission (SEC) to proceed with its case against Terraform Labs and founder Do Kwon, rejecting the argument that the assets in question were not securities.

There has been a major shift in the legal struggle between stablecoin issuer Terraform Labs and the U.S. Securities and Exchange Commission (SEC). U.S. District Judge Jed Rakoff, ruling over the case, refused Terraform Labs' motion to dismiss the SEC's action against them on Monday.

US Judge Jed Rakoff dismissed Terraform Labs' request to dismiss the US Securities and Exchange Commission (SEC) charges.

In the most recent developments in the ongoing case between Terraform Labs and the United States Securities and Exchange Commission (SEC), a U.S. federal judge decided on Monday that the crypto firm and its founder, Do Kwon, will continue to face fraud allegations.

Judge Jed Rakoff gave a detailed interpretation of the Howey test that was at odds with the decision on the SEC case against Ripple.

The ruling found that crypto "falls far short" of having the significance needed for Congress to review regulation.

A federal judge overseeing the SEC's lawsuit against Terraform Labs and Do Kwon has rejected the ruling of fellow judge Analisa Torres which found that XRP sold on secondary markets were not securities.

The Terra/Luna issuer was the first to cite the recent Ripple decision in its defense against an SEC enforcement action.