SEC Files for Quick Judgment Against Do Kwon

The SEC is pressing a federal judge for a quick ruling without a full trial, arguing there's no real disagreement about the key facts in their lawsuit against Do Kwon and Terraform Labs.



According to the SEC's legal papers, it's clear that investors put money into the venture, using either traditional currency or cryptocurrencies. The SEC's documents revisit their stance that Kwon and Terraform essentially dealt in unregistered securities.



The crux of the SEC's argument is that the situation meets the criteria of the Howey test—investors' money was put into a common venture with profits expected mainly from the work of the project's creators—thus, they believe the court should rule in their favor.



Moreover, the SEC claims Terraform and Kwon weren't just selling unregistered securities; they were also actively deceiving inv


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