TZERO proposed the settlement, which the SEC accepted, according to the order. Under the terms of the settlement, TZERO is neither admitting nor denying the SEC’s findings. This is the SEC’s second enforcement action and settlement in 2022, following a settlement with decentralized prediction market Polymarket earlier this month. Source link … [Read more...] about TZERO Settles SEC Charges It Violated Disclosure Rules
Violated
Do Kwon, Terra Claim SEC Violated Procedure in Ongoing Legal Fight
Terraform Labs and its CEO, Do Kwon, are challenging the U.S. Securities and Exchange Commission (SEC), claiming the regulator improperly served Kwon subpoenas at Mainnet 2021 despite not having jurisdiction over Kwon or his company. They have asked a New York court to dismiss the subpoenas.Terraform filed a motion last Friday opposing an SEC effort to compel Kwon and Terraform … [Read more...] about Do Kwon, Terra Claim SEC Violated Procedure in Ongoing Legal Fight