🚀🚀Breaking: SEC, Terraform Labs, and ex-CEO Do Kwon have agreed to a settlement, with a whopping $4.5 billion penalty and a ban on trading "crypto asset securities." Judge Jed Rakoff of SDNY approved the settlement, which is lower than SEC's initial $5.3 billion offer but way higher than Terraform's $1 million proposal. 🤯🤯

😂😂In a plot twist, Kwon, currently in custody in Montenegro, didn't even show up at the trial. Meanwhile, Terraform Labs is in Chapter 11 bankruptcy protection with around $150 million in assets.

🎉🎉Despite the drama, we remain optimistic about the potential of DeFi and Web 3.0. What are your thoughts on this settlement? Let's discuss in the comments! #DeFi #Web3.0 #CryptoNews