Do Kwon's lawyer: The SEC's allegations against Do Kwon and Terraform Labs for securities fraud are baseless

ChainCatcher news, the lawyer for former Terraform Labs CEO Do Kwon stated that the U.S. Securities and Exchange Commission (SEC) allegations of securities fraud against Do Kwon and Terraform Labs Pte are unfounded, partly because the stablecoin involved is a currency, not a security. The lawyer argued for the judge to dismiss the lawsuit, stating that U.S. law prohibits regulatory agencies from asserting jurisdiction over digital assets in this case under federal securities law. (source link)