Terraform Labs asks for jury to decide whether UST and LUNA tokens are securities
David Kornblau, the lawyer for Terraform Labs, stated that the jury should decide whether the U.S. Securities and Exchange Commission fulfilled its responsibility to prove that UST, LUNA, and MIR tokens are securities.It is reported that in February of this year, the U.S. Securities and Exchange Commission (SEC) sued Terraform Labs and its co-founder Do Kwon, accusing them of raising billions of dollars from investors by "offering and selling a set of interrelated cryptographic asset securities, many of which were unregistered for trading."
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Share link:In this post: Panama City council voted in favor of becoming the first public institution of government to accept payments in cryptocurrencies. Citizens will now be able to pay taxes, fees, tickets and permits entirely in crypto starting with BTC, ETH, USDC, and USDT. The city partnered with a bank that will receive crypto payments and convert them on the spot to U.S. dollars, allowing for the free flow of crypto in the entire economy.

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