In a surprising turn of events, Terra (LUNA) experiences a surge of 42%, grabbing the attention of the cryptocurrency community. However, this surge unfolds amidst a heated legal confrontation between Terraform Labs (TFL), the force behind Terra, and the U.S. Securities and Exchange Commission (SEC). With Terraform Labs entrenched in bankruptcy proceedings, objections raised by the SEC regarding its legal representation add complexity to an already tumultuous situation.·
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