Terraform Labs And Do Kwon Push For $1 Million SEC Fine Opposed To $5.8 Billion Demanded After Terra-Luna Crash

Terraform Labs and its founder, Do Kwon, are pushing for a $1 million fine by the U.S. Security and Exchange Commission (SEC), opposing the previously demanded fine of $5.8 billion. This follows the crash of Terra-Luna, a digital asset related to the cryptocurrency industry. Terraform Labs and Kwon believe that the initial fine demanded was disproportionate and are advocating for a more reasonable penalty. This clash reflects the ongoing problem between the burgeoning cryptocurrency industry and regulatory institutions like