A U.S. court has granted permission to Jump Crypto, a “third party” in the SEC’s case against Terraform Labs, to submit certain information confidentially. The SEC has accused Terraform Labs and its founder, Do Kwon, of offering and selling unregistered securities and engaging in fraud, resulting in the collapse of the TerraUSD stablecoin. Jump Crypto is not a defendant in the case but is believed to have played a role in the stablecoin’s collapse. The SEC alleges that Jump Crypto orchestrated a scheme to artificially boost the price of the ailing stablecoin. Terraform Labs denies these allegations and claims that Jump Crypto’s trading activities did not cause the stablecoin’s recovery in 2021. The court has the authority to publicize the filings in the future, and Jump Crypto’s legal team will be notified if this occurs.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	negative
Relevance Score	1
People	Do Kwon
Companies	Jump Crypto, SEC, Terraform Labs
Currencies	None
Securities	None