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Do Kwon's Huge Fine Shows the SEC Is Ratcheting Up Penalties Against Crypto Firms

Suggested fines the securities watchdog suggested for Terraform Labs and Ripple are out-of-line with what it has collected from crypto firms in the past.

By Daniel Kuhn|Edited by Nick Baker

Updated Apr 24, 2024, 8:31 p.m. Published Apr 24, 2024, 8:24 p.m.

Do Kwon and the company he co-founded, Terraform Labs, are hoping to get a federal judge to decide the U.S. Securities and Exchange Commission hasn't made its securities-fraud case. (CoinDesk TV and Jesse Hamilton/CoinDesk)