Do Kwon, founder of Terraform Labs, is seeking to reject the investigation request filed by the U.S. Securities and Exchange Commission (SEC). This request comes as part of ongoing investigations into cryptocurrency sales.
In an attempt to defend himself, Do Kwon, founder of Terraform Labs, is seeking to reject the investigation request filed by the U.S. Securities and Exchange Commission (SEC). This request comes as part of ongoing investigations into cryptocurrency sales.
Terraform Labs was founded as a fintech startup, working on developing the Terra protocol for cryptocurrencies. With increasing public interest in cryptocurrencies, the U.S. Securities and Exchange Commission began investigating cryptocurrency sales and compliance with financial laws.
In this context, the U.S. Securities and Exchange Commission has requested an investigation with Do Kwon regarding the cryptocurrency sales conducted by Terraform Labs. However, Do Kwon seeks to reject this request and defend the integrity and honesty of his business.
Sources close to Do Kwon indicate that he asserts the cryptocurrency sales conducted by Terraform Labs were in accordance with applicable financial laws. Therefore, he considers the investigation request by the U.S. Securities and Exchange Commission unjustified and solely aimed at raising doubts about the safety of financial operations.
This case is part of a series of investigations conducted by the U.S. Securities and Exchange Commission into cryptocurrency sales. These investigations come amid the increasing interest in cryptocurrencies and the development of financial technology.
Ultimately, Do Kwon looks forward to rejecting the investigation request and proving the integrity of his business and the safety of the cryptocurrency sales conducted by Terraform Labs.