Kohtunik lükkab Terraformi kohtuasja tagasilükkamise taotluse tagasi, ei nõustu Ripple'i otsusega

Kohtunik lükkab Terraformi kohtuasja tagasilükkamise taotluse tagasi, ei nõustu Ripple'i otsusega

Ajatempel: 31. juuli 2023 7:59

A United States Securities and Exchange Commission (SEC) lawsuit against Terraform Labs is set to go ahead after a U.S. judge overseeing the case denied the firm’s motion to dismiss on July 31. 

In handing down the order, the judge also rejected a decision from another judge who ruled that Ripple did not violate securities laws based on their manner of sale.

Kõigepealt SEC esitas hagi against Terraform Labs and its founder Do Kwon on Feb 16, alleging it was once “orchestrating a multi-billion dollar crypto asset securities fraud.”

In April, Terraform Labs’ legal representatives filed a motion for the dismissal of the suit, with supplemental materials for the motion provided in June. 

Judge rejects motion to dismiss Terraform case, disagrees with Ripple decision PlatoBlockchain Data Intelligence. Vertical Search. Ai.
Kohtunik Rakoff lükkab Terraform Labsi tagasilükkamise taotluse tagasi. Allikas: Courtlistener

In rejecting the defendants’ motion to dismiss, Judge Jed Rakoff of the Southern District Court of New York avastatud et:

"Selle algatuse eesmärgil tuleb kõiki hästi põhjendatud väiteid pidada tõeseks ja kõik nendest tulenevad mõistlikud järeldused tuleb teha SEC-i kasuks."

Oma eelmises vallandamisavalduses väitsid Terraform Labsi esindajad, et SEC-il puudub jurisdiktsioon nii ettevõtte kui ka selle asutaja üle. Samuti lükkas see tagasi agentuuri seisukoha, et märgid, sealhulgas Mirror Protocol (MIR), Terra Classic (LUNC) ja TerraUSD Classic (USTC), on väärtpaberid.

It also argued, in light of the Supreme Court ruling on the major questions doctrine, “Congress is not only engaging in robust debate over how crypto should be regulated, it is asking the SEC to wait for Congress to act.”

It went on to cite a procedural issue in the agency’s suit against Coinbase and its newly divulged emails concerning former SEC director William Hinman that figured in the agency’s suit against Ripple Laborid.

However, Judge Jed Rakoff of the Southern District Court of New York kirjutas that “it would ignore reality to place the crypto-currency industry and the American energy and tobacco industries,” implying that the major questions doctrine may not apply to the case and thus dismissing that objection. The procedural questions were also dismissed.

The judge devoted several pages to an analysis of the Howey test, which was at the heart of the Hinman discussion. No formal contract is necessary to meet the test, and tokens themselves may be considered tokens in arguments before the court, Rakoff wrote.

Seotud: SEC-i apellatsioonkaebus võib Ripple'i võitu võimendada, ütleb Ripple Labsi juriidiline juht

Kohus keeldus ka "vahet tegemast nende müntide [MIR ja LUNA] vahel nende müügiviisi alusel". Seetõttu:

„Kohus lükkab tagasi lähenemisviisi, mille selle ringkonna teine ​​kohtunik hiljuti sarnases kohtuasjas, SEC v. Ripple Labs Inc., omaks võtnud. […] Howey ei tee sellist vahet [peamiste ja teiseste] ostjate vahel.”

That approach – that XRP (XRP) was a commodity when sold on the secondary market – was a partial win for Ripple. Its rejection here could bode well for the SEC, if other judges follow Rakoff’s example.

Ajakiri: Terra varises kokku, kuna kasutas tagatiseks hubrist — Knifefight

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Veel alates Cointelegraph