On October 23 news, Terraform Labs CEO Do Kwon is suing the US Securities and Exchange Commission (SEC).
Terra’s builders confirmed that Do Kwon received a subpoena from the US Securities and Exchange Commission at the Mainnet meeting in Messari last month. Documents show that the matter can be traced back to May 2021, when the law enforcement agency of the US Securities and Exchange Commission sent an email to Kwon. What is controversial is Terra’s Mirror, where synthetic stocks that reflect the prices of major US companies are minted and traded.