Terraform Labs asks for early dismissal of SEC lawsuit
Terraform Labs has asked a judge to dismiss charges from the U.S. Securities and Exchange Commission (SEC) of multibillion-dollar securities fraud. The document says that the SEC did not prove that Terraform Labs offered unregistered securities for trading. “After two years of investigation, the completion of a discovery period that resulted in the taking of more than 20 depositions, and the exchange of over two million pages of documents and data, the SEC is evidentiarily no closer to proving that the Defendants did anything wrong.” Terraform Labs filing In addition, in its application, Terraform Labs asked the court to reject the opinions of the experts that the Commission brought in to substantiate its position. In particular, we are discussing a “conceptually flawed” Analysis by a Rutgers University professor. You might also like: Terraform Labs accuses Citadel of orchestrating UST stablecoin fall In February 2023, the SEC charged Do Kwon with securities fraud...