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Terra lawsuit a ‘roadmap’ to attack other stablecoins: Delphi Labs By Cointelegraph – Stocks to Watch
  • Mon. May 20th, 2024

Terra lawsuit a ‘roadmap’ to attack other stablecoins: Delphi Labs By Cointelegraph

ByCointelegraph

Feb 18, 2023
Terra lawsuit a ‘roadmap’ to attack other stablecoins: Delphi Labs

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The United States Securities and Exchange Commission’s (SEC’s) lawsuit against Terraform Labs and its co-founder Do Kwon could be seen as an SEC “roadmap” to taking down other stablecoins, according to a lawyer.

Gabriel Shapiro, general counsel at investment firm Delphi Labs, explained to his 33,800 Twitter followers on Feb. 16 that the SEC’s arguments in its complaint against Kwon and Terraform were “more thorough than usual.”

Delphi Labs General Counsel Gabriel Shapiro’s take on the SEC’s lawsuit against Terraform Labs and its CEO Do Kwon. Source: Twitter.
Delphi Labs general counsel Gabriel Shapiro’s analysis on the SEC’s lawsuit filing against Terraform Labs and its CEO Do Kwon. Source: Twitter.