The subpoena relates to the stablecoin issuer’s defense against an enforcement case brought by the Securities and Exchange Commission.Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.A federal judge is allowing Terraform Labs, the issuer of the crashed Terra algorithmic stablecoin and related Luna governance token, to issue a subpoena to bankrupt crypto giant FTX.
On Monday, Judge John Dorsey of the U.S. Bankruptcy Court for the District of Delaware gave special leave for the algorithmic stablecoin company to compel the currently defunct trading platform to provide documents and information relevant to Terraform’s argument. In its case against the stablecoin issuer, the SEC has argued that their clients entered into an agreement with Jump Trading to restore UST’s value, which the stablecoin issuer denies. The subpoena intends to produce evidence to disprove that part of the SEC’s case against Terraform and its founder Do Kwon, who is currently held in a Montenegrin prison on unrelated charges.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Judge slams Ripple decision in SEC's case against Terraform LabsThe Terra/Luna issuer was the first to cite the recent Ripple decision in its defense against an SEC enforcement action.
Source: TheBlock__ - 🏆 464. / 53 Read more »
Latest Wild FTX Allegations Include Plan to Buy Island of Nauru to Survive CataclysmBankrupt FTX Trading Ltd.’s latest lawsuit against co-founder Sam Bankman-Fried and his former top executives revealed new details about the allegations of massive fraud at the fallen crypto conglomerate.
Source: crypto - 🏆 292. / 63 Read more »
FTX and Genesis Finally Reach in Principle Agreement: ReportThe settlement would address and resolve the claims made by the two bankrupt firms against each other while being under court supervision
Source: Crypto_Potato - 🏆 568. / 51 Read more »
FTX Saga Continues: Will Sam Bankman-Fried Go to Jail Before His October Trial?Sam Bankman-Fried continues to be in the spotlight ahead of his upcoming criminal trial, as the DOJ aims to send the disgraced FTX founder to jail ahead of his court date, on allegations that he has repeatedly tried to influence witness testimony. Hermine Wong, former head of policy at Coinbase and current principal at herminewong.xyz, joins 'The Hash' to discuss the latest developments in the FTX saga and outlook on the SEC's lawsuit against Coinbase.
Source: CoinDesk - 🏆 291. / 63 Read more »
Sam Bankman-Fried Campaign Finance Charges Dropped | CoinMarketCapSam Bankman-Fried, the founder of failed cryptocurrency exchange FTX, has had a campaign financing allegation against him dropped by U.S. prosecutors.
Source: CoinMarketCap - 🏆 290. / 63 Read more »
Dry conditions pose fire risk on Sask. farms: Crop reportThe vast majority of topsoil in the province is ”short“ or ”very short“ on moisture.
Source: TheStarPhoenix - 🏆 253. / 63 Read more »