Day: December 6, 2023

SUMMARY Terraform Labs, the entity behind the unsuccessful Terra stablecoin (UST) and LUNA cryptocurrency, has requested a New York judge to allow a jury to determine the regulatory status of the UST and LUNA tokens. The Securities and Exchange Commission (SEC) opposes this, insisting that the judge should decide. The SEC filed a lawsuit against…

BRIEF OVERVIEW JPMorgan Chase CEO Jamie Dimon, known for his outspoken criticism of cryptocurrency, asserted that he would shut down crypto if he held a government position. Responding to Sen. Elizabeth Warren’s inquiries about anti-money laundering concerns during a Senate Banking Committee hearing, Dimon reiterated his long-standing opposition to crypto, including bitcoin, citing its potential…