The U.S. Securities and Exchange Commission (SEC) is utilizing the recent court decision against Terraform Labs, which determined that UST and LUNA were securities, as a supplemental argument in its ongoing litigation against Binance. This development suggests that the SEC is seeking to strengthen its position by citing the Terraform ruling as a precedent. The SEC's strategy indicates that it aims to apply the legal findings from the Terraform case to other cryptocurrency entities, including Binance and potentially Coinbase.
The @SECGov is pointing out to other courts that it convinced one judge it was right about crypto assets improperly offered as securities. The SEC hopes the Terraform Labs win might bolster cases against @coinbase and @binance. https://t.co/MI15S41fbq
The @SECGov is pointing out to other courts that it convinced one judge it was right about crypto assets improperly offered as securities. The SEC hopes the Terraform Labs win might bolster cases against @coinbase and @binance. @jesseahamilton reports https://t.co/WZjTXBcFyN
SEC adds Terraform Labs unregistered securities ruling to Binance, Coinbase suits https://t.co/MQnjppRRy5
ICYMI: SEC wants to leverage partial Terraform court victory in cases against Coinbase, Binance https://t.co/h9Xo2BxVMm
The SEC has submitted a new argument in its ongoing legal battle with Binance, referencing a recent decision involving Terraform Labs https://t.co/7t8SNJ7soy
NEWS: The SEC is arguing that the Terraform ruling, which found that LUNA and UST are securities, is relevant to its case against Binance https://t.co/ZuPHkomX7y
The SEC has just submitted the recent SEC v. Terraform decision (finding that UST and LUNA were securities) as supplemental authority in their case against Binance: https://t.co/nh9pJHenLE