Ripple Argues for Civil Penalty, Invokes SEC v. Terraform case
Ripple has requested that a court consider an “appropriate” civil penalty in their lawsuit against the United States Securities and Exchange Commission (SEC). In a June 13 filing in the U.S. District Court for the Southern District of New York, Ripple’s legal team submitted a notice of supplemental authority that alleged the “unreasonableness” of the […]
US District Court Backs SEC Against Terraform Labs
The US District Court rules in favor of the SEC against Terraform Labs, pending a jury trial on fraud allegations and nuanced judgments. Terraform Labs and its erstwhile CEO, Do Kwon, have been found liable in favor of the Securities and Exchange Commission (SEC) by the United States District Court. The ruling above, rendered by […]