SEC Seeks Summary Judgment in Lawsuit Against Do Kwon

postedΒ  3 Nov 2023
Photo - SEC Seeks Summary Judgment in Lawsuit Against Do Kwon
The Securities and Exchange Commission (SEC) is urging a New York judge to reach a verdict in its lawsuit against Terraform Labs and co-founder Do Kwon without the need for a full trial.

In a motion filed yesterday, the SEC asserted that the evidence supporting the defendants’ violations is β€œclear, undisputed, and overwhelming,” and therefore, the court should rule in favor of the SEC.