BREAKDOWN: Is the SEC’s Terra Lawsuit Trying to Set Precedent That Stablecoins are Securities?

Several tokens are listed as securities in the lawsuit, and Do Kwon is accused of fraud.

In today’s episode, NLW breaks down a slew of late-breaking news, including:

Terraform Labs and Do Kwon are being sued by the SECBinance US made strange transfers of $400 million between 2020 and 2021, according to ReutersJudge Kaplan threatens to revoke SBF’s bail 

“The Breakdown” is written, produced and narrated by Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. Image credit: Aitor Diago /Getty Images, modified by CoinDesk. 

Join the discussion at discord.gg/VrKRrfKCz8.

Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26-28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code BREAKDOWN to get 15% off your pass. 

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