SEC asks court for summary judgment against Do Kwon and Terraform

The U.S. Securities and Exchange Commission (SEC) is asking a federal judge for summary judgment, saying there is "no material factual dispute" in the case against Do Kwon and Terraform. In the filing, the SEC reiterated the regulator's view that Kwon and Terraform sold securities and that Terraform and Kwon committed fraud and made misleading statements, and again emphasized that they deceived investors about the stability of UST and falsely stated Credits its algorithm for its price stability and secretly arranges for third parties to carry out the fraud. (CoinDesk)