2023.08.03
“U.S. Court Rejects Ripple Ruling, Backs SEC in Terraform Labs Lawsuit: Cryptocurrency Regulation Im
In a recent ruling, the U.S. court rejected the implications of the Ripple case in ongoing legal battles involving Terraform Labs and the SEC. Judge Jed Rakoff supported the SEC's claims against Terraform Labs for alleged securities violations and a $40 billion fraud, differing from another judge's approach. The ruling underscores the SEC's regulatory authority in handling cryptocurrency industry challenges and holds substantial implications for cryptocurrency regulation, reinforcing the SEC's role in overseeing digital assets and shaping clearer guidelines and regulations for the sector.
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