Citation Needed
The Justice Department worries about the stability of Ethereum, DCG tries to bilk their subsidiary's creditors, and Biden threatens a crypto veto.
Citation Needed
Changpeng Zhao's sentencing, FOIA requests reveal past FBI investigations into Coinbase, and the SEC is on a Wells notice bender.
interesting, Roger Stone deleted one of his tweets shilling a "MAGA Memecoin" after I pointed out that these tweets likely violate SEC rules
most of his other promo tweets remain, though, and have similar issues
Citation Needed
The Binance CEO's sentencing draws near, and prosecutors have been busy chasing down other crypto criminals. Also, lawmakers take another stab at stablecoin regulation.
The SEC is asking the judge in the Terra lawsuit to order $4.2 billion in disgorgement, a $420 million penalty against Terraform Labs, and a $100 million penalty against Do Kwon.
They also want Kwon banned from serving as an officer or director of a publicly traded company.
Citation Needed
The bitcoin "halving" looms, and that may not be as good news as coiners hope. Also, Terra committed fraud and Uniswap got a Wells notice.
Verdict against Terraform Labs and Do Kwon, responsible for the Terra/Luna algostablecoin collapse in May 2022.
![UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK SECURITIES AND EXCHANGE COMMISSION Plaintiffs, v TERRAFORM LABS PTE. LTD. and DO HYEONG KWON, Defendant. Verdict 1. On the SEC's first claim, under Section 17, we the jury find defendant Terraform Labs Pte. Ltd. ("Terraform"): Liable [If you answer "Liable" to Question 1, answer Question 2. Otherwise skip to Question 3.] 2. Having found Terraform liable on the SEC's first claim, we the jury find that Terraform acted [choose the highest you found]: Recklessly 3. On the SEC's first claim, under Section 17, we the jury find defendant Do Hyeong Kwon ("Kwon"): Liable [If you answer "Liable" to Question 3, answer Question 4. Otherwise, skip to Question 5.J 4. Having found Kwon liable on the SEC's first claim, we the jury find that Kwon acted [choose the highest you found]: Intentionally 5. On the SEC's second claim, for intentional or reckless violation of Rule 10b-5, we the jury find defendant Terraform: Liable](https://storage.mollywhite.net/micro/c71a3825f36ca1a65eac_1.png)
Citation Needed
Crypto-related litigation is in full swing, as the Terra civil fraud trial has kicked off and two other cases against crypto companies have survived motions to dismiss.
Citation Needed
Euphoria has risen along with crypto prices, but nothing has changed from the last bubble.
![6. On the SEC's second claim, for intentional or reckless violation of Rule 106-5, we the jury find defendant Kwon: Liable [If you answered "Not Liable" to Question 5, do not answer question 7. If you answered "Liable" to Question 5, proceed to Question 7.] 7. On the claim for control person liability regarding Terraform's violation of Rule 10b-5, we the jury find defendant Kwon: Liable FOREPERSON Date: 04/05/24](https://storage.mollywhite.net/micro/a4397273203403c5ae0a_2.png)
