U.S. Court Dismisses Terra's Reconsideration Request in SEC Case. #SecGov $LUNA $REQ

The legal dispute between the U.S. Securities and Exchange Commission (SEC) and Terraform Labs (Terra) and its co-founder Do Kwon continues, with a U.S. federal judge recently denying reconsideration requests by Terra and Do Kwon. The judge upheld a previous decision that found Terra and Do Kwon in violation of the Securities Act.

Specifically, the court rejected Terra's requests to reconsider expert Raj Unny's dismissal and the involvement of Dr. Matthew Edman in the case. The SEC's success in the Terra case led to the regulator seeking additional authority in its ongoing actions against major exchanges Binance and Coinbase, positioning the Terra case as a potential precedent.

In the altcoin space related to Terra and Do Kwon, LUNC experienced a slight decline but traded at $0.0001293, up 1.61% in 24 hours with a 20% increase in trading volume, surpassing $83 million. Former stablecoin USTC saw a positive day, with a 5.6% increase to $0.02804 and a remarkable 129% surge in trading volume, reaching $67 million.

Remember : Where is my Tip ? Just kidding 😅