Terraform Labs and Do Kwon have “reached a settlement in principle,” with the SEC, according to a court entry.
If some of the fees and expenses hadn’t been cut back, the charges would be above $700 million by now.
The contribution brings a16z’s total package to Fairshake “and related entities” up to $47 million.
The potential for Mt. Gox payouts to disrupt supply dynamics could become a significant overhang on the bitcoin market, analysts observed.
The SEC’s Hester Peirce proposed a “cross-border sandbox” where the U.S. and the U.K. would allow crypto firms to participate for two years.
Terraform Labs and co-founder Do Kwon have tentatively agreed to settle a fraud case with the U.S. Securities and Exchange Commission (SEC), according to a court filing Thursday.
The move will enable Solana users to transfer their assets between Arbitrum, Ethereum, Polygon, and other chains integrated with LayerZero.
A lot has changed since Bitcoin’s release 15 years ago. Many other distributed database networks have been created, each with its own functionality and potential use cases.
A $25 million donation from Andreessen Horowitz (a16z) hit the campaign coffers of the industry’s U.S. political action committee (PAC), according to a Thursday announcement from the firm, putting the amount raised by some of crypto’s biggest names at about $136 million and potentially elevating the sector to the upper echelon of campaign donors.
New York’s top financial regulator has issued new guidance which requires cryptocurrency service providers to collect relevant data to assess whether they are resolving customer service requests and complaints in a timely and fair manner, it announced Thursday.
