By Elise Hansen (November 12, 2021, 8:57 PM EST) — The U.S. Securities and Exchange Commission said Friday it’s suing to enforce its subpoenas against decentralized finance company Terraform Labs and its executive, who is challenging the subpoenas because they were served at a cryptocurrency summit.
The SEC asked a New York federal court to require Terraform Labs Pte Ltd. and Do Kwon, Terraform’s co-founder and CEO, to comply with investigative subpoenas about Terraform’s operations. Terraform Labs has a so-called Mirror Protocol that allows users to create and trade digital assets that “mirror” the price of U.S. securities, according to the SEC.
The agency said it’s seeking to determine whether the company…
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!
TRY LAW360 FREE FOR SEVEN DAYS
This news is republished from another source. You can check the original article here
Be the first to comment