SEC argues in opposition to Dentons’ movement to dismiss Terraform and Do Kwon’s lawsuit

Legal professionals representing america Securities and Change Fee (SEC) have argued that the extra paperwork submitted by Dentons — the regulation agency representing Terraform Labs and Do Kwon — in assist of its movement to dismiss the lawsuit lack ample assist for dismissing the case.

The SEC’s counsel asserts that the Binance.US transcript and inside SEC emails introduced by the protection are irrelevant to the present case. They argue that the Howey take a look at clearly defines the parameters of an “funding contract” and contend that TerraUSD (UST) must be categorized as a safety.

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