The U.S. Securities and Exchange Commission (SEC) has expressed its willingness to postpone the trial involving Terraform Labs, a prominent player in the fintech-crypto space, in order to facilitate the extradition of its co-founder and CEO, Do Kwon. This decision comes as the SEC continues to crack down on fraudulent activities within the cryptocurrency industry.
Terraform Labs, the company behind the Terra blockchain protocol and the stablecoin UST, has been facing legal challenges from the SEC. The regulatory body accuses the company of conducting an unregistered securities offering worth $25 million through its token sale in 2020.
