Progress
Current status
under deliberation
16 Feb 2023 under deliberation
Scope
Implementers
United States of America
Policy Area
Registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
Announced complaint against Terraform Labs and CEO Do Hyeong Kwon for alleged violation of Securities Act
On 16 February 2023, the US Securities and Exchange Commission (SEC) filed a complaint against Terraform Labs and CEO Do Hyeong Kwon with the US District Court for the Southern District of New York for allegedly violating Section 5 and Section 17 of…
SourceEvent type
public lawsuit
Action type
announcement
Government branch
executive
Government body
other regulatory body