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Top related persons:
Jed Rakoff - 2 Rakoff - 2 Kwon - 1 Terraform’s blockchain - 1 Luna - 1 Terraform - 1 Gurbir Grewal - 1 ” Grewal - 1
Top related locs:
Manhattan Singapore Montenegro United States South Korea U.S Southern District Southern District of New York
Top related orgs:
SEC - 2 Labs - 1 US Securities and Exchange Commission - 1 SEC Division - 1 YORK - 1 U.S . Securities - 1 Exchange Commission - 1 Ripple Labs - 1

Search resuls for: "Terraform’s"


2 mentions found


☆ Terraform Labs and founder Do Kwon found liable in US civil fraud trial
  + stars: | 2024-04-05 | by ( ) edition.cnn.com   time to read: +4 min
Kwon designed TerraUSD and Luna, a more traditional token that fluctuated in value but was closely linked to TerraUSD. The SEC is seeking civil financial penalties and orders barring Kwon and Terraform from the securities industry. Kwon falsely attributed the recovery to the reliability of TerraUSD’s algorithms, according to the regulator. Earlier in the case, Terraform argued that securities laws did not apply to the cryptocurrencies it developed. After a final judgment in the case, Terraform will be able to challenge that ruling on appeal.
Persons: Kwon, Terraform’s blockchain, Luna, Jed Rakoff, Terraform, Gurbir Grewal, ” Grewal, ”, Laura Meehan, ” Meehan, Terraform’s, Louis Pellegrino, ” Pellegrino, Rakoff Organizations: Labs, US Securities and Exchange Commission, SEC, SEC Division Locations: Manhattan, Singapore, Montenegro, United States, South Korea
☆ US SEC cannot appeal Ripple Labs decision, judge rules
  + stars: | 2023-10-04 | by ( Jonathan Stempel | ) www.reuters.com   time to read: +2 min
FILE PHOTO: A representation of cryptocurrency Ripple is seen in this illustration taken August 6, 2021. Torres said Rakoff had been considering Terraform’s motion to dismiss the SEC case, and was required to accept all reasonable inferences in the regulator’s favor. A trial in the Ripple case is scheduled for April 23, 2024. In its December 2020 lawsuit, the SEC accused Ripple of illegally raising more than $1.3 billion in an unregistered securities offering by selling XRP. The case is SEC v Ripple Labs Inc et al, U.S. District Court, Southern District of New York, No.
Persons: Dado Ruvic, Analisa Torres, Torres, Jed Rakoff, Rakoff, Brad Garlinghouse, Chris Larsen, Ripple Organizations: YORK, U.S . Securities, Exchange Commission, Ripple Labs, REUTERS, District, SEC, U.S, Terra, Binance, Court, Southern District of Locations: Manhattan, U.S, Southern District, Southern District of New York
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