U.S. Judge rules Terraform Labs must face SEC fraud allegations, WSJ says

U.S. District Judge Jed Rakoff rejected co-founder and CEO of Singapore-based Terraform Labs, Do Kwon’s request to negate a prior U.S. enforcement action against him, wrote Dave Michaels for the Wall Street Journal. Judge Jed Rakoff’s order on Monday gives the Securities and Exchange Commission’s legal strategy to regulate the crypto market more leverage, added the WSJ story. “Rakoff’s order means Do Kwon and his company, Terraform Labs, will have to continue defending against the SEC’s lawsuit, which alleges legal violations including fraud,” noted the WSJ.Publicly traded companies in the space include Bit Digital (BTBT), Coinbase (COIN), Core Scientific (CORZ), Greenidge Generation (GREE), Marathon Digital (MARA), MicroStrategy (MSTR), Riot Platforms (RIOT), Stronghold Digital Mining (SDIG), TeraWulf (WULF), Bitcoin Investment Trust (GBTC).