🌖 New Development in Terra ($LUNA ) Lawsuit in which SEC Demands $5 Billion

In Terra (#LUNA✅ ) v. SEC, attorneys representing Terraform Labs are fighting the U.S. Securities and Exchange Commission (SEC) after the agency sought billions of dollars in fines. The firm’s legal team argues that the token sales occurred “almost entirely outside the United States,” according to a brief filed Wednesday.

The SEC disputed this claim, arguing that Terraform Labs “targeted US investors” and therefore should pay a hefty $5.3 billion penalty, mostly in damages. However, Terraform’s lawyers disputed this, stating, “…the SEC has presented no evidence that Defendants’ limited activities in the United States directly caused any losses, losses in the United States far below the billions of dollars requested by the SEC.” said.

The SEC had previously charged Terraform Labs and its co-founder Do Kwon over the #algorithmic stablecoin Terra USD (UST) in February 2023. This accusation followed the dramatic collapse of the IHR a year ago. Last month, a jury found both Terraform Labs and Kwon guilty of misleading investors and held them liable for civil fraud.

Algorithmic #Stablecoins like UST use market incentives through algorithms to maintain a stable price. Terra was linked to Luna, a governance token used to stabilize prices. However, the IHR collapsed in May 2022, resulting in a loss of more than $50 billion. The ongoing legal battle between Terraform Labs and the SEC continues as the future of the company and its cryptocurrencies remains uncertain.
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$LUNA #LUNA✅ Should I keep it or sell it? Experts give me your opinion. My liquidate is up to 0.70 and if I add more I can take it up to 0.31 if I close here I will be 3400+$. Will be wasted

$LUNC Algorithmic Stablecoin $1 in April 2024.
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#LUNC In 3 hours LUNC Fall Down And Break Its 6 resistances now 3 Resistances Converted Into A Big Support For Terra What Happen Next Nobody Knows But One Thing Is Confirmed That the Next Week For Only Terra Because if Lunc Have Ability To Break Its 3 Resistances In 1Hour Then Its Going To A Big Move And Wonder The World Guys Its Time To Take Entry As Now Or Never Decision

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naHeadline:
New Cryptocurrency "LunaX" Makes Waves in Market Debut

LunaX, the latest addition to the cryptocurrency landscape, surged by 50% in its first day of trading, captivating investors with its innovative blockchain technology promising faster transactions and enhanced security features. Experts speculate that LunaX's unique consensus mechanism could disrupt traditional finance sectors, sparking interest among institutional players. With its promising start, all eyes are on LunaX as it navigates the volatile crypto market terrain.
#LUNA✅ #lunchpoltoken #LunaTerraClassic

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If LUNC Breaks The 0.00012 Resistence Then You Will See The Terra Real Face

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LUNC Price Analysis: On The Cusp Of On 19% Move

As the crypto market flipped green on Friday just hours before Bitcoin halves, Terra Classic signaled a potential 19% breakout due to an ascending triangle on the four-hour chart.

The ascending triangle is a reversal pattern that allows for prices to consolidate after a major downturn in the market. Investors use this period to reaccumulate more tokens ahead of the anticipated breakout.

Traders watch out for movement above the horizontal resistance at the x-axis. In the case of LUNC, this resistance level lies at $0.000107, slightly above the 50-day Exponential Moving Average (EMA) (the line in red).

Buy orders should be placed slightly above the hurdle, with Terra Classic expected to complete at 19% move to $.0001282.
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CRYPTOCURRENCIES: DO KWON, FOUNDER OF TERRA LUNA, FOUND GUILTY OF DEFRAUDING INVESTORS
In May 2022, its Terra Luna ecosystem caused investors to lose $40 billion following its collapse.
The verdict is in. Friday April 5, Do Kwon, the founder of Terra Luna and his Terraform Lab foundation, was found responsible for civil fraud by the American justice system, reports Bloomberg . This decision puts an end to a lawsuit filed by the American stock market watchdog, the SEC (Security and Exchange Commission), against Do Kwon and his empire in February 2023.
An American jury concluded that Do Kwon had misled investors, by making people believe in the reliability of their crypto company. As a reminder, in the spring of 2022, the luna cryptocurrency and the UST stablecoin of this ecosystem collapsed in a few days, causing investors to lose more than $40 billion.
“Despite all the promises of the crypto ecosystem, the lack of registration and compliance has real consequences for real people,” SEC member Gurbir Grewal said after the trial.
In December 2023, Jed Rakoff, an American judge, had already rendered a judgment according to which Do Kwon and Terra Labs were selling unregistered securities in the United States, giving weight to the SEC's
"Next steps"
This Saturday, Terraform Labs expressed its “disappointment” at the end of the trial.
“We continue to maintain that the SEC does not have the legal authority to bring this action at all, and we are carefully evaluating our options and next steps,” the company responded on X.
Currently detained in Montenegro, Do Kwon will eventually be extradited to South Korea after a battle between the country and the United States. The latter faces criminal charges in the United States and South Korea in connection with the collapse of its ecosystem.
#LUNAUpdate #BinanceSquareCreator #LUNA✅

#cryptoSEC Gains Court Victory Against Terraform Labs and Do Kwon Reports:

The U.S. Securities and Exchange Commission (SEC) has secured a significant court victory against Terraform Labs and its founder, Do Kwon. The court ruled in favor of the SEC, finding Terraform Labs and Kwon liable for violating federal securities laws.The SEC had accused Terraform Labs and Do Kwon of selling unregistered securities in the form of its native cryptocurrency, Luna. The court's decision marks a significant milestone in the SEC's ongoing efforts to regulate the rapidly evolving cryptocurrency industry.As a result of the court's ruling, Terraform Labs and Do Kwon may be subject to financial penalties and other sanctions. The SEC's victory underscores the importance of compliance with federal securities laws, even in the burgeoning field of cryptocurrencies.
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#LUNA✅
#LUNC✅

Spot Signal 🚦
$LUNA
Entry price
0.66/0.65
Target
0.69
0.72
0.75
0.80
0.85
0.90
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Entry price 0.66/0.65

Target 0.67
0.68
0.69
0.72
0.75
0.77
0.8
0.82
0.85
0.90
0.95
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$LUNC

🚀🌕 Terra Classic's LUNC: Poised for a Stellar 66% Leap? 🌟

**Market Buzz** 📈
- Terra Classic's LUNC is showing a **double-bottom pattern**, suggesting a potential **66% bullish breakout**¹.

**Technical Indicators** 📊
- The **RSI** is rebounding, igniting interest in LUNC as it heads into the weekend¹.
- A **death cross pattern** could pose a challenge, with resistance at **$$0.000122$$**¹.

**Support Watch** 👀
- LUNC's support at **$$0.00008$$** is crucial for maintaining the bullish outlook¹.

**Price Movements** 💹
- A break above the **neckline resistance** could trigger significant price gains¹.

**Investor Insights** 💡
- Holding support at **$$0.0001$$** and overcoming the **20-day EMA resistance** at **$$0.0001085$$** are key for the weekend's trading¹.

**Emoji Summary** ✨
- 📉 Bearish market? No problem!
- 📐 Double-bottom pattern? Check!
- 🎢 Potential for a **66% ride**? Buckle up!
- 🛑 But watch out for that death cross!

Stay tuned to see if LUNC can defy gravity and soar to new heights! 🚀🌟

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$LUNA #LUNA✅

My liqudate is 0.67 suggest me to wait or sell if I sell then my whole year's hard work will be lost.

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