Terraform to wind down operations; Consensys’ suit dismissed

Quick Summary:

Terraform will execute its bankruptcy plan following approval from a U.S.judge, while Consensys had its suit against the SEC's "regulatory overreach" thrown out but vows to fight for its MetaMask.

The post Terraform to wind down operations; Consensys’ suit dismissed appeared first on CoinGeek.

However, in the order issued last Thursday, Judge Reed O’Connor dismissed Consensys’ claims around MetaMask, saying “enforcement actions do not constitute final agency actions.

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Article Details

Author / Journalist: James Field

Category: Crypto

Markets: CanadaSouth KoreaUnited States

Topics: Bankruptcy Business Consensys Securities Securities and Exchange Commission Lawsuit Terraform Labs Ethereum Do Kwon

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-24 @ 11:00:00 (5 days ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 1092 words

Reading Time: 7 minutes read

Sentences: 43 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 22694871

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