I have received word from a verified source at a top law firm in the US that class actions are being prepared against Binance, Gemini, Kraken, and Coinbase under the Securities Act for the sale of UST and LUNA to US customers. They are looking to file within ten weeks.
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Replying to @FatManTerra
It is interesting that the Securities Litigation Uniform Standards Act of 1998 (“SLUNA”) was enacted to prevent certain class action actions alleging fraud under state law.
of course the law has developed since then and creative security lawyers will pursue novel COAs anyway1 reply 0 retweets 0 likes
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