United

Rule

Terra

Change

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/terraform-labs-legal-strategy-against-secs-expert-witness/" data-wpel-link="internal">Terraform Labs’ Legal Strategy Against SEC’s Expert Witness</a><br></p>
<p style="text-align: justify">Developments continue to unfold for Terraform Labs and its founder Do Kwon. Currently engaged in a legal battle with the <a href="https://en.coin-turk.com/expert-who-predicted-crypto-crash-these-four-are-gearing-up-for-a-rally-reveals-bitcoin-forecast/" data-wpel-link="internal">SEC</a> at the United States District Court for the Southern District of New York, Kwon is preparing a strategic move against the agency. In this context, it is reported that Kwon is ready to challenge the testimony of Dr. Matthew Edman, a key expert witness for the SEC.</p> 
<h2 style="text-align: justify" id="a-closer-look-at-terraform-labs-defense">A Closer Look at Terraform Labs’ Defense</h2> 
<p style="text-align: justify">Terraform Labs and Do Kwon actively continue to contest the allegations made by the SEC. In this regard, the lawyers for Terra Labs and Kwon argue that the court’s opinion needs to be reconsidered, which is based on a statement made by <strong>Dr. Edman</strong>.</p> 
<p style="text-align: justify">Meanwhile, in their latest filings, Terraform and Kwon highlighted that the court did not accept that it lacked the necessary data to verify Dr. Edman’s claims.</p> 
<p style="text-align: justify">To clarify, in the court’s initial decision, it was suggested that the defendants had reversed the burden of proof by failing to produce certain inputs to the <strong>LP Servers</strong>.</p> 
<p style="text-align: justify">However, Terraform Labs points out that the court overlooked the fact that it was not the defendants but Chai who owned the LP Server and the related inputs. This detail had been acknowledged by the court in a different context in the past.</p> 
<h2 style="text-align: justify" id="img-loading-lazy-loading-lazy-decoding-async-class-aligncenter-size-full-wp-image-299009-src-https-coin-turk-com-wp-content-uploads-2024-01-do-kwon-site-coin-turk-com-png-alt-width-1260-height-945"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-299009" src="https://coin-turk.com/wp-content/uploads/2024/01/do-kwon-site-coin-turk-com.png" alt="" width="1260" height="945"></h2> 
<h2 style="text-align: justify" id="expert-witness-testimony-faces-groundbreaking-change">Expert Witness Testimony Faces Groundbreaking Change</h2> 
<p style="text-align: justify">The defendants appear to be making an effort to turn the case in their favor by highlighting significant legal developments such as the changes made to Federal Evidence Rule 702, which came into effect on December 1, 2023.</p> 
<p style="text-align: justify">Furthermore, Terraform Labs points out that Dr. Edman’s methods were not sufficiently explained and his testimony, based solely on assumptions without supporting evidence, does not meet these new rules.</p> 
<p style="text-align: justify">In addition, Terra Labs and Kwon’s side argues that the court’s opinion did not properly consider these changes, creating a compelling situation for the decision to be reversed.</p> 
<p style="text-align: justify">As the challenging legal process continues, Terraform Labs and <strong>Do Kwon</strong> persist in opposing the lawsuit brought by the SEC, aiming for a more favorable outcome in the reassessment of Dr. Edman’s testimony.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/terraform-labs-legal-strategy-against-secs-expert-witness/" data-wpel-link="internal">Terraform Labs’ Legal Strategy Against SEC’s Expert Witness</a></h5>

Terraform Labs’ Legal Strategy Against SEC’s Expert Witness

Table of Contents

COINTURK NEWS

Other articles published on Jan 6, 2024

AI picks 3 promising sharding blockchains to invest in 2024

Bitcoin Spot ETF: VanEck’s Head Of Research Says BlackRock Has $2 Billion In Investments Lined Up

Crypto Scam: Trading Platform Coinspaid Might be the Latest Victim

Bitcoin Spot ETF Applicants Submit 19b-4 Amendment Forms – Approval Imminent?

Avalanche Price Prediction: Will Avax Crypto Bounce Back?

Blackrock Positions $2B for Imminent US Bitcoin ETF Approval

Join our free newsletter for daily crypto updates!