SEC Seeks Ruling on Terraform Labs to Secure Victory in Binance and Coinbase Cases

Just last Thursday, Judge Jed Rakoff ruled in the Terraform Labs case that the company and its founder, Do Kwon, are accused of issuing and selling unregistered securities in the form of cryptocurrencies, including UST, LUNA, wLUNA, and MIR. This summary judgment is seen as an initial victory for the SEC.