Here's why the SEC believes wLUNA is also a security.
SEC v. Terraform Court Filing, retrieved on February 16, 2023, is part of . You can jump to any part in this filing . This is part 17 of 38. HackerNoon’s Legal PDF Series here B. “Wrapped“ LUNA 4. wLuna is a Receipt for a Security 68. The definition of security under Securities Act 2 and Exchange Act Section 3 includes a "receipt for" a security.
This mechanism created a pool of LUNA on the Terraform blockchain through which wLUNA owners could convert their holdings back into LUNA. As a result, wLUNA is also a security because it is a receipt for a security. Continue Reading . Here About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings. This court case 1:23-cv-01346 retrieved on September 12, 2023, from is part of the public domain.
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