Federal Judge Finds Crypto Firm Sold Coins As Unregistered Securities

(January 2, 2024, 2:40 PM EST) -- NEW YORK — Weeks before a trial is set to begin, a federal judge in New York partially granted the Securities and Exchange Commission’s motion for summary judgment against cryptocurrency firm Terraform Labs Pte. Ltd. and its CEO, finding that there is no dispute that the firm’s crypto assets were sold as unregistered securities....