Legal representatives representing the United States Securities and Exchange Commission (SEC) have actually argued that the extra files sent by Dentons– the law practice representing Terraform Labs and Do Kwon– in assistance of its movement to dismiss the suit absence sufficient assistance for dismissing the case.
The SEC’s counsel asserts that the Binance.US records and internal SEC e-mails provided by the defense are unimportant to the existing case. They argue that the Howey test plainly specifies the specifications of an “financial investment agreement” and compete that TerraUSD (UST) ought to be categorized as a security.
