Terraform Labs highlights SEC’s potential sanction in Do Kwon’s case
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. This development surfaced in the Southern District of New York Court, presided over by Judge Jed S. Rakoff. The case has been under intense scrutiny, primarily centered on allegations against Terraform Labs regarding its blockchain and cryptocurrency operations. The recent twist, however, shifts some focus onto the SEC. Terraform Labs’ counsel informed Judge Rakoff of a separate case in Utah, in which Judge Robert J. Shelby hinted at sanction ing the SEC for misleading conduct in its case against Digital Licensing Inc. You might also like: Bitcoin surges past $42k in a year-long rally Second shoe drops (on SEC?) – just now in SEC v. Terraform Labs / Do Kwon case in SDNY, defendant have formally raised to Judge Rakoff the Utah federal judge threatening to sanction the SEC for misleading, in Debt Box / Digital L...