Reuters: US SEC will ban Do Kwon and Terraform from entering the securities industry

Laura Meehan, an attorney for the U.S. Securities and Exchange Commission, told a jury in Manhattan on Friday that Terraform Labs and its founder Do Kwon lied repeatedly about the success of the cryptocurrency platform, and that the platform's success story was "built on lies." In addition, the SEC is seeking civil economic penalties and will issue an order prohibiting Do Kwon and Terraform from entering the securities industry. It is reported that lawyers for Terraform Labs and its founder Do Kwon will make a final statement to the jury on the fraud charges brought against them by the U.S. SEC. (Reuters)