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International Business Times

Business

Marvie Basilan

Terraform Slams 'Government Overreach' In SEC's Bid To Push Out Dentons From Case

SEC Terraform Dentons Do Kwon Crypto Terraform Labs BlackRock blockchain Fidelity

Terraform Labs accused the SEC of "government overreach" in the regulator's recent move of asking the court to not allow the Do Kwon-founded crypto firm to hire law firm Dentons. (Credit: Reuters)

KEY POINTS

Terraform said the SEC's move was a 'troubling example' of how governments act beyond their authority
The SEC previously asked the court to block Terraform from employing Dentons in the case
Terraform and its co-founder are accused of committing fraud by misleading investors

Fallen blockchain protocol and payments platform Terraform Labs has called out the U.S. Securities and Exchange Commission (SEC) for its supposed "overreach" in its bid to block the cryptocurrency firm from hiring law firm Dentons for its legal battle against the regulator.

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