Terra wins one summary judgment in SEC case, but sold unregistered securities

Terraform Labs obtained a partial victory on Dec. 28 within a case initiated by the U.S. Securities and Exchange Commission (SEC). Judge Jed Rakoff issued one summary judgment in Terraform Labs’ favor and declared that the firm did not offer and effect transactions in security-based swaps. The judge said that mAssets offered on the Terra-based […] source: https://cryptoslate.com/terra-wins-one-summary-judgment-in-sec-case-but-sold-unregistered-securities/