Attorneys representing the U.S. Securities and Change Fee (SEC) argued that extra paperwork submitted by Dentons — the legislation agency representing Terraform Labs and Do Kwon — in assist of its movement to dismiss the lawsuit are usually not sufficiently substantiated to dismiss the case.
SEC legal professional affirms that the Binance.US transcript and inner SEC emails offered by the protection are usually not related to the present case. They argue that the Howey take a look at clearly defines the parameters of an “funding contract” and argue that TerraUSD (UST) ought to be categorized as a safety.
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