The Daily: Terraform Labs liquidator sues Jump Trading, US crypto czar David Sacks confirms Clarity Act markup for January, and more
Terraform Labs' liquidator sued Jump Trading for $4 billion, David Sacks confirmed a January markup for the Clarity Act, and the Senate confirmed Michael Selig as CFTC Chair.Summary
The court-appointed liquidator for Terraform Labs has filed a $4 billion lawsuit against Jump Trading and its executives, alleging a secret deal to prop up the failed TerraUSD stablecoin, which ultimately caused over $40 billion in market value destruction. Jump Trading denied the claims, suggesting the liquidator is deflecting blame from Do Kwon, who was recently sentenced to 15 years in prison. In regulatory news, White House crypto czar David Sacks confirmed that the Senate Banking and Agriculture Chairs have agreed to a January markup for the Clarity Act, the market structure legislation that aims to clarify SEC/CFTC jurisdiction. Furthermore, the Senate confirmed Michael Selig to lead the CFTC, positioning the agency for a larger role in digital asset regulation. Other news includes Ark Invest buying more Coinbase shares and Ethereum developers naming their next upgrade post-Glamsterdam as "Hegota."
(Source：The Block)