Within the civil motion introduced towards Kwon, the regulator did not show “private jurisdiction” as merchandise referenced by the SEC have been “accessible to the world and never directed at U.S. individuals,” a 47-page supporting doc for a movement to dismiss the costs stated. It additionally says {that a} digital asset concerned within the case, the stablecoin UST, doesn’t fall underneath the purview of the SEC as it’s a forex and never a safety.
