By CryptoNews - 1 year ago - Reading Time: 1 minutes
Do Kwon Lawyers: SEC Has No Terra Jurisdiction – Could CEO Walk Free?
The legal team of the Terraform Labs Co-founder and CEO Do Kwon has hit out at the United States Securities and Exchange Commission (SEC) – claiming Terra coins are not securities.The lawyers claimed that the SEC charges against Terraform, Kwon, and other executives are baseless, and therefore filed a motion for the charges to be dismissed.
Per the South Korean media outlet EDaily and Bloomberg, Kwon’s lawyers claim that Terra stablecoins are “currencies.”...
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Original source: CryptoNews