Terraform Labs asks for jury to decide whether UST and LUNA tokens are securities
David Kornblau, the lawyer for Terraform Labs, stated that the jury should decide whether the U.S. Securities and Exchange Commission fulfilled its responsibility to prove that UST, LUNA, and MIR tokens are securities.It is reported that in February of this year, the U.S. Securities and Exchange Commission (SEC) sued Terraform Labs and its co-founder Do Kwon, accusing them of raising billions of dollars from investors by "offering and selling a set of interrelated cryptographic asset securities, many of which were unregistered for trading."
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