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SEC argues against Dentons’ motion to dismiss Terraform and Do Kwon’s lawsuit

The SEC’s counsel asserts that the Binance.US transcript and internal SEC emails presented by the defense are irrelevant to the current case. They argue that the Howey test clearly defines the parameters of an “investment contract” and contend that TerraUSD (UST) should be classified as a security.

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Source: Cryptocurrency - investing.com

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