Tag: Securities Laws

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Terraform Labs claims case against Do Kwon is ‘highly politicized:’ WSJ

September 29, 2022

A spokesperson for the company behind Terra said it believes prosecutors heeled to public pressure and expanded the definition of a security after its associated cryptocurrencies collapsed. Terraform Labs, the company behind the development of the Terra blockchain said South Korea’s case against its co-founder Do Kwon has become political, alleging prosecutors expanded the definition of…
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Binance wins dismissal of class action over 2018 tokens that tanked

April 1, 2022

The judge ruled domestic law doesn’t apply to Binance as it is not an exchange domestic to the United States and that the case was filed “too late.” A federal judge has dismissed a class action complaint asserting Binance violated United States securities laws by not registering as a broker-dealer or exchange and sold crypto…
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