๐ค๐๐๐ ๐๐๐๐ ๐๐๐๐ผ๐๐ฟ ๐๐๐๐ 8$ ๐๐๐ฟ๐ ๐ผ๐๐ฟ ๐๐๐๐ ๐พ๐๐๐๐ ๐๐๐๐ ๐๐ ๐๐๐ ๐ ๐๐๐๐๐๐ฟ ๐๐๐๐๐๐ฐ๐ค๐ธ
๐ต ๐ฆ๐๐ ๐ฆ๐ฒ๐ฒ๐ธ๐ ๐๐ถ๐น๐น๐ถ๐ผ๐ป๐ ๐ถ๐ป ๐๐ถ๐ป๐ฒ๐ ๐ณ๐ฟ๐ผ๐บ ๐ง๐ฒ๐ฟ๐ฟ๐ฎ๐ณ๐ผ๐ฟ๐บ, ๐๐ผ ๐๐๐ผ๐ป
On May 22nd, a United States court will listen toย argumentsย as to how much Terraform Labs and its co-founder Do Kwon must pay after the jury concluded that they defrauded investors.
The SEC is seeking $4.7 billion in penalties, plus $520 million in civil penalties. Terraform Labs, on the other hand, is arguing for a significantly smaller $1 million fine and avoiding any further penalties.
According to reports, SEC has available enough evidence to convince the court without a doubt that Terraform Labs had played games with investors on the stability of their crypto coin while also showing reluctance that others were working harder at ensuring the longevity of the crypto market.
The Courtโs decision on the hearing on the 22nd of May will cause a multitude of consequences for the whole crypto market. Given that Do Kwon and Terraform Labs have to pay a huge fine, it is obvious that the authorities have a stricter regulation approach towards digital currencies.
$LUNC ย $LUNA ย #Terraform ย #DoKwon
