Attorneys representing the US Securities and Change Fee (SEC) stated extra paperwork filed by Dentons, the legislation agency representing Terraform Labs and Do Kwon, in assist of its movement to dismiss the go well with didn’t sufficiently assist the dismissal of the case.
Counsel to the SEC asserts that the Binance.US transcript and inside SEC emails offered by the protection are irrelevant to the case. They argue that the Howey check clearly defines the parameters of an “funding contract” and argue that TerraUSD (UST) must be categorised as a safety.
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