Following last month’s Messari Mainnet cryptocurrency conference in New York, Terraform Labs co-founder and CEO Do Kwon received a summons from the US Securities and Exchange Commission (SEC) with Indiegogo founder Slava Rubin. participate
Terraform Labs, behind Stablecoin UST tied to the dollar through the LUNA burn mechanism, is currently the 12th largest cryptocurrency by market capitalization.
The SEC and other US financial regulators There are concerns about stablecoin, a related project, Terraform Labs, which has caught the attention of authorities, and the Mirror Protocol launched in December 2020. Mirror is a synthetic version of the platform for building stocks. These synthetic assets are like stablecoins, only reflecting the share price rather than the currency. You can purchase mTSLA if US retail investors are licensed to use the platform. Terraform must register its product with the SEC and be accredited by the US Securities and Exchange Commission. Because stocks are tradable securities or investment contracts.
Recently, Terraform Labs CEO Do Kwon hassueThe United States Securities and Exchange Commission (SEC) issued a false summons. It was beyond the SEC’s jurisdiction, but took the time when Do Kwon attended the Messari Mainnet Conference last month.
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