Implication of Terraform Labs and Do Kwon's 'Settlement in Principle' with US SEC

Thursday, 30 May 2024, 16:44

Terraform Labs and its founder Do Kwon have reportedly reached a 'settlement in principle' with the US Securities and Exchange Commission (SEC), as confirmed by a recent court entry. This development could have significant implications for the cryptocurrency industry and regulatory landscape. The resolution signals a potential turning point for Terraform Labs and Do Kwon, shedding light on their compliance efforts and future prospects.

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Implication of Terraform Labs and Do Kwon's 'Settlement in Principle' with US SEC

Terraform Labs and its founder Do Kwon have reportedly reached a 'settlement in principle' with the US Securities and Exchange Commission (SEC), as confirmed by a recent court entry.

This development could have significant implications for the cryptocurrency industry and regulatory landscape. The resolution signals a potential turning point for Terraform Labs and Do Kwon, shedding light on their compliance efforts and future prospects.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.