SEC Reportedly Looking into UST ‘Federal Violations' of ‘Investor Protection Regulations'

American regulators have waded into the aftermath of the terraUSD (UST) crash last month – and the coin's operators could face trouble at the hands of United States courts and the Securities and Exchange Commission (SEC).

Timeline of Terrausd-wormhole

The U.S. Securities and Exchange Commission (SEC) is reportedly investigating Terraform Labs and the collapse of algorithmic stablecoin terrausd (UST). “SEC enforcement attorneys are investigating whether Terraform Labs broke securities and investment product rules.” SEC Launches Investigation of Terraform Labs and UST The U.S. SEC is investigating Terraform Labs and its algorithmic stablecoin terrausd (UST),

The U.S. Securities and Exchange Commission (SEC) is looking into the collapse of the TerraUSD stablecoin and whether its marketing violated federal investor protection regulations, a report from Bloomberg said Thursday (June 9). The lawyers for the SEC are seeing whether Terraform Labs, which is behind the coin, broke the rules for securities and investment

The decision is an important step in establishing the jurisdiction of US regulators and courts over the firm. The post SEC court win over Terraform and Do Kwon opens door for UST investigation, class actions appeared first on The Block.

The Securities and Exchange Commission (SEC) has posted a notice that the United States Court of Appeals for the Second Circuit has affirmed a district court order requiring compliance with investigative subpoenas served by the Commission on Terraform Labs Pte Ltd and Do Kwon – based... Read More

TerraUSD's (UST) fall has shaken the entire crypto ecosystem for a month and speculations and conspiracies are encircling the space post the demise of the biggest crypto ever.  More details have recently emerged related to the cause of the death spiral of TerraUSD (UST), the stable coin related to TerraForm Labs. In an interview with …

As people continue to run from Terra's Luna Classic token [LUNC] and its accompanying stablecoin, UST, recent data from CoinMarketCap showed that even more people are running towards it. Following the 9 May incident that led to the depegging of the UST stablecoin and the collapse of Terra's LUNC, a hard fork was implemented that

Japan has become one of the first major economies to spearhead stablecoin regulation after its parliament passed a bill to rein in the sector, Bloomberg News reported. The post Japan passes a stablecoin bill focusing on investor protection following UST debacle appeared first on CryptoSlate.

A stable coin UST ran on the Terra blockchain ( now Terra Classic), was designed to maintain its dollar peg through both algorithms and trading incentives involving another token, Luna. The growth of Terra exploded among the mom-and-pop investors over the last two years, and they benefited with 20% of interest rates on their investments …

Stablecoins are cryptocurrency usually pegged to real-world assets, and were supposed to be pegged to the U.S. dollar. Whereas stablecoins like tethered and USD coins are backed by real world assets like fiat currencies and government bonds in order to maintain their dollar peg, USD is governed by an algorithm.  The terraUSD stablecoin collapse has …

In response to the recent collapse of controversial crypto project Terra, Britain is looking into ways to ensure stablecoins don't threaten their wider financial system. Her Majesty's Treasury printed a new consultation paper on Tuesday, May 31, 2022, regarding minimizing the risks of the possible collapse of stablecoins and many more digital currencies by utilizing