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SEC v Terraform Labs Pte Ltd : SDNY Judge Rakoff Denies Defendants Motion To Dismiss SEC s Claims, Rejects The Ripple Court s Interpretation Of The Howey Test - Fin Tech

On July 31, 2023, Judge Jed S. Rakoff in the Southern District of New York ruled that the U.S. Securities and Exchange Commission (SEC) may proceed with its case against Terraform Labs ("Terraform").

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TerraClassicUSD Trading 3 1% Lower Over Last Week (USTC)

TerraClassicUSD Trading 3 1% Lower Over Last Week (USTC)
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Judges in the Southern District of New York Divided on Whether a Token Is a Security: SEC v Terraform Labs and SEC v Ripple Labs | Akin Gump Strauss Hauer & Feld LLP

Key Point - Just shy of three weeks after Judge Torres held that the digital asset XRP is not itself a security,1 Judge Rakoff held that the SEC had adequately pled that.

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TerraClassicUSD Price Reaches $0 0155 (USTC)

TerraClassicUSD (USTC) traded 4% higher against the dollar during the 1-day period ending at 8:00 AM E.T. on August 5th. During the last week, TerraClassicUSD has traded up 0.1% against the dollar. One TerraClassicUSD coin can now be bought for $0.0155 or 0.00000054 BTC on major cryptocurrency exchanges. TerraClassicUSD has a market cap of $152.03 […]

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Terra (LUNA) Price Hits $0 56 on Top Exchanges

Terra (LUNA) Price Hits $0 56 on Top Exchanges
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