Do Kwon Says SEC Is Out of Bounds in Pursuing Crypto Fraud Suit

(Bloomberg) -- Crypto entrepreneur Do Kwon’s lawyers say a US regulator’s lawsuit accusing him and Terraform Labs Pte of securities fraud is unfounded, in part, because the stable coin at issue is a currency, not a security.Most Read from BloombergElon Musk’s Wealth Plunges $13 Billion as Drama Unfolds Across EmpireCities Keep Building Luxury Apartments Almost No One Can AffordTesla Increases Price of Model S, X in US After Shares SlumpSpaceX Says It Blew Up Starship Rocket After Engine MishapAi