Coin

<ul class="news-points"> 
 <li>The SEC and Terraform Labs are expected to face a trial on January 29, 2024.</li> 
 <li>The trial will expose Jump Trading’s alleged involvement in the case.</li> 
 <li>The court’s decision follows its recent ruling against Terraform Labs, alleging the firm violated securities laws.</li> 
</ul> 
In a recent development in the legal tussle between Terraform Labs and the Securities and Exchange Commission (SEC), the court has <a href="https://www.bloomberg.com/news/articles/2023-12-28/terraform-labs-sec-headed-to-crypto-fraud-trial-in-january" target="_blank" rel="nofollow">ordered</a> a trial, scheduled for January 29, 2024, in the Manhattan federal court. 
The decision follows the court’s recent ruling in favor of the regulators that claimed <a href="https://coinedition.com/terra-vs-sec-lawyers-point-at-secs-misconduct-in-debt-box-case/">Terraform Labs and its Co-Founder</a>, Do Kwon, were responsible for unregistered securities trade. 
The scheduled trial intends to examine the “aggressive enforcement strategy” of the SEC along with unveiling the involvement of the investment firm Jump Trading in the case. According to U.S. District Judge Jed S. Rakoff’s ruling, the regulator’s allegations against Jump Trading were “compelling but circumstantial, relying in large part on the testimony of Jump whistleblowers, whose credibility the jury will need to determine.” 
J…
The post <a href="https://coinedition.com/terraform-labs-faces-the-sec-on-trial-is-jump-trading-involved/">Terraform Labs Faces the SEC on Trial, Is Jump Trading Involved?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Terraform Labs Faces the SEC on Trial, Is Jump Trading Involved?

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