Terraform Labs and the SEC agreed to keep most case documents confidential, but the exact reasons remain undisclosed.
The ongoing legal battle between Terraform Labs and the SEC could shape cryptocurrency regulations, with potential consequences for the industry.
Terraform Labs and the United States Securities and Exchange Commission (SEC) have reached an agreement on a protective order in their ongoing civil case. U.S. District Court Judge Jed Rakoff has finalized this order, ushering in a new phase in the legal battle between the regulatory body and the cryptocurrency platform.
What the Protective Order Entails:
This protective order’s main focus is maintaining the privacy of case-related documents. The majority of documents the parties concerned have designated as confidential will not be made public under this decision. Furthermore, the court will seal any discovery files marked as confidential.
Judge’s discretion:
Judge Rakoff has stated that he is unwilling to grant demands t

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