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Terraform argues SEC lacks jurisdiction in its investigation

A new response from crypto startup Terraform Labs hit the court docket last weekend as part of an ongoing legal spat with the Securities and Exchange Commission (SEC).  As previously reported, SEC served Terraform CEO Do Kwon with a subpoena during the Mainnet conference in New York City. Kwon would go on to file his own lawsuit against the securities watchdog, claiming the agency violated his rights to due process by improperly serving him. In the SEC’s own proceedings against …