Legal professionals representing the U.S. Securities and Change Fee (SEC) argued that further paperwork submitted by Dentons — the regulation agency representing Terraform Labs and Do Kwon — in assist of its movement to dismiss the lawsuit aren’t sufficiently substantiated to dismiss the case.
SEC legal professional affirms that the Binance.US transcript and inner SEC emails offered by the protection aren’t related to the present case. They argue that the Howey check clearly defines the parameters of an “funding contract” and argue that TerraUSD (UST) must be categorised as a safety.
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