The SEC claims that UST is a security.
EC v. Terraform Court Filing, retrieved on February 16, 2023, is part of . You can jump to any part in this filing . This is part 21 of 38. HackerNoon’s Legal PDF Series here C. UST 4. UST is a Security because it could be Exchanged for LUNA 84. UST is also a security because it gave investors a "right to subscribe or purchase" another security—namely, it could be exchanged for LUNA, another security as detailed above.
Given that UST investors had the right to convert UST to one dollar's worth of LUNA via the Terraform blockchain, investors who bought UST had the right to subscribe to or purchase a security . Securities Act Section 2; Exchange Act Section 3 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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