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‘SEC failed to follow its own rule,’ Terraform CEO responds to SEC enforcement action
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ambcrypto.comIt should have been a good month for Terraform Labs, as Terra’s LUNA has been rallying since November. However, some news on the legal front means the blockchain company could soon be in court.
The United States Securities and Exchange Commission [SEC] previously issued two subpoenas to Terraform Labs CEO Do Kwon. However, Kwon responded by suing the SEC for the way it served the documents.
On 12 November, however, the SEC stated it had filed an action against Terraform Labs and Kwon. This was to
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