{"id":1332,"date":"2021-11-01T09:00:00","date_gmt":"2021-11-01T13:00:00","guid":{"rendered":"https:\/\/www.hodlin.com\/blog\/?p=1332"},"modified":"2021-11-01T22:36:32","modified_gmt":"2021-11-02T02:36:32","slug":"terraform-labs-sues-the-sec","status":"publish","type":"post","link":"https:\/\/www.hodlin.com\/blog\/terraform-labs-sues-the-sec","title":{"rendered":"Terraform Labs Sues the SEC After Kwon is “embarrassingly” Served With a Subpoena in Public"},"content":{"rendered":"\n
\"Terraform
Terraform Labs Sues The SEC<\/figcaption><\/figure>\n\n\n\n

The SEC is on a perpetual prowl with eyes set on the crypto market. After multi-million settlements with project co-founders, celebrities, and individual startups, the agency isn’t settling.<\/p>\n\n\n\n

They are tussling with Ripple lawyers at present\u2014and they might lose\u2014but before they yield, reports indicate that the regulator’s representatives served a subpoena on Do Kwon, the co-founder and lead of Terraform Labs, which is building the high flying Terra blockchain<\/a>.<\/p>\n\n\n\n

Guess Where the SEC Got up With Innovator?<\/h3>\n\n\n\n

After exiting the elevator–just when Do was about to present at the Messari Mainnet cryptocurrency conference in New York on September 20.<\/p>\n\n\n\n

There were witnesses, as you would expect given the status of Terra and the brilliance of Do, and one of them happened to the founder of Indiegogo, Slava Rubin.<\/p>\n\n\n\n

He couldn’t help but tweet:<\/p>\n\n\n\n

\n

lol I just witnessed a guy get served by the SEC at the top of the escalator at #mainnet2021<\/a> right before going on stage for his panel<\/p>— Slava Rubin (@gogoSlava) September 20, 2021<\/a><\/blockquote>