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

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

• Terraform Labs and Do Kwon are being sued by the Securities and Exchange Commission

• Binance US made strange transfers of $400 million between 2020 and 2021, according to Reuters

• Judge Kaplan threatens to revoke Sam Bankman-Fried's bail 

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“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: A Mokhtari /Getty Images, modified by CoinDesk. 

Join the discussion at discord.gg/VrKRrfKCz8.

 

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