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Terraform and Kwon also engaged in fraudulent conduct and made misleading statements, the SEC reiterated in the filing, re-emphasizing that they committed fraud by deceiving investors about the stability of UST, falsely crediting their algorithm for its price stabilization while secretly arranging third-party intervention, making their claims about the algorithm's
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A federal judge in Texas has sided with the United States Department of the Treasury by granting a motion for summary judgment in a lawsuit concerning Tornado Cash brought by six individuals backed by crypto exchange Coinbase.In an Aug. 17 filing in U.S. District Court for the Western District of
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In response to a question that asked why the SEC seemed to regulate by enforcement instead of by rulemaking, like the European Union's Markets in Crypto Assets (MiCA), Gensler said "we have done some rulemaking" including "notice and comment rulemaking" and "special purpose broker-dealer" licensing. Original Source
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"On December 20, 2022, the Court deemed service on the Ooki DAO of the Complaint and Summons in this action complete as of that date," the filing said. "Pursuant to Rule 12(a)(1)(A)(i), the Ooki DAO’s answer or other responsive pleading to the Complaint was due on or before January 10,
Read MoreAn ICO spokesperson said: “The ICO is considering the judgment from the European Court of Justice in the Schrems II case and its
Read MoreAn ICO spokesperson said: “We will be reviewing the judgment carefully. We welcome the court’s finding that the police use of Live Facial
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