United States of America: Issued ruling on motion by Terraform Labs and CEO Do Hyeong Kwon to dismiss complaint filed by SEC for alleged violation of Securities Act
Description
Issued ruling on motion by Terraform Labs and CEO Do Hyeong Kwon to dismiss complaint filed by SEC for alleged violation of Securities Act
On 31 July 2023, the US District Court for the Southern District of New York issued its opinion and order regarding the motion filed by Terraform Labs and CEO Do Hyeong Kwon to dismiss the complaint filed on 16 February 2023 by the Securities and Ex…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
other regulatory body
Complete timeline of this policy change
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2023-02-16
under deliberation
2023-07-31
in force
2023-12-28
under investigation
2024-04-05
in force