A federal judge ruled on Thursday that cryptocurrency entrepreneur Do Kwon and his company Terraform Labs violated U.S. law by failing to register two digital currencies that collapsed in 2022.
Federal Court Rules on Digital Assets as Investment Contracts natlawreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from natlawreview.com Daily Mail and Mail on Sunday newspapers.
In the Initial Decision issued on July 13, 2023, Judge Torres held that direct sales by Ripple Labs to institutional purchasers were investment contracts.
Terraform Labs and its
founder Do Kwon must face fraud allegations brought by the U.S.
Securities and Exchange Commission, a federal judge in Manhattan
ruled on Monday. Kwon and.