Terraform Labs seeks to dismiss class action arguing US laws don’t apply
Federal securities laws only apply in the United States, but the protocols were developed overseas, argues Terraform Labs.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Federal securities laws only apply in the United States, but the protocols were developed overseas, argues Terraform Labs.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Nigeria’s Central Bank Now Requires Offshore Stablecoin Issuers to License Locally
Stablecoin issuers based abroad can no longer serve Nigerian users on the strength of a foreign license under a new rulebook from...
White House Begins Review of ‘Economically Significant’ SEC Crypto Broker-Dealer Draft
The White House’s regulatory review office logged a Securities and Exchange Commission draft on Nov. 3 that would rework how the a...
Aave Labs acquires Avon team to build out fixed-rate lending
Aave's acquisition of Avon could enhance DeFi's appeal to institutions by offering predictable lending rates, potentially reshapin...
Aave Labs buys Avon team in fixed-rate lending push
Aave Labs acquired the team and technology of Avon, an onchain fixed-rate and floating-rate lending protocol.
Strategy among crypto issuers not objecting to tokenized securities list
The crypto sector's acceptance of tokenized securities could redefine market dynamics, challenging traditional stock trading norms...
ZetaChain Targets Dec. 9 to Switch Off Its Blockchain and Move ZETA to Solana
ZetaChain, a cross-chain blockchain, is on track to retire its own layer 1 around Dec. 9: the vote on Proposal 70, which sets that...