- MetaLawMan thinks the reported settlement between the SEC Do Kwon is good news.
- LUNA surged 80% in one week following the tentative agreement report.
- TerraUSD’s collapse in 2022 marked a dark moment in the cryptocurrency market.
Cryptocurrency advocate James “MetaLawMan” Murphy believes the reported settlement between the U.S. Securities and Exchange Commission and Terraform co-founder Do Kwon is a positive development.
According to Murphy, the proposed settlement would mean that either the Ripple or the Coinbase (NASDAQ:COIN) case will be the first to reach the 2nd Circuit Court of Appeals to address the legal status of crypto assets.
The reported settlement between the SEC & Do Kwon is good news.It means that either the @Ripple case or the @Coinbase case (on possible interlocutory appeal) is likely to be the first case to get to the 2nd Circuit Court of Appeals to address the legal status of crypto assets. https://t.co/qh7Qv5HOhw
— MetaLawMan (@MetaLawMan) June 3, 2024
Meanwhile, the legal expert highlighted the report of an agreement in principle following the SEC’s case against Do Kwon and Terraform. The report claimed that the commission had reached a tentati…
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