Federal Judge Rules Terraform Labs Violated Securities Laws with Luna and Mir Cryptocurrencies – DeFiance Daily – 12.29.23
U.S. District Court Judge Jed Rakoff has ruled that Terraform Labs, the creator of Terra and Luna cryptocurrencies, violated federal securities laws by selling its cryptocurrencies to the public. The judge, in a summary judgment, concluded that Terraform Labs failed to register LUNA and MIR, two cryptocurrencies within the Terra ecosystem, as securities.
