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Hmmmmmm possibly because this is a company-created and not the official treasury-version Chinese stablecoin? Remember all illegitimate stablecoins must go, including Circle’s USDC, Tether, etc. Is this a sign of things to come?
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🍌 Thanks Cdee for the link!…
If my reasoning for Trust Reserve’s arrests and seizures over CNHC stablecoin is correct, it gives this more context too!

SEC Charges Terraform and CEO Do Kwon with Defrauding Investors in Crypto Schemes

Washington D.C., Feb. 16, 2023 —
The Securities and Exchange Commission today charged Singapore-based Terraform Labs PTE Ltd and Do Hyeong Kwon with orchestrating a multi-billion dollar crypto asset securities fraud involving an algorithmic stablecoin and other crypto asset securities.

https://www.sec.gov/news/press-release/2023-32

March 31: Crypto founder Do Kwon indicted in US following Montenegro arrest

An eight-count indictment against Kwon was made public in the U.S. District Court in Manhattan. Thursday's indictment charges Kwon, a South Korean national who co-founded Terraform Labs and developed the TerraUSD and Luna currencies, with two counts each of securities fraud, wire fraud, commodities fraud and conspiracy

Prosecutors will work with other institutions to carry out a swift repatriation
➡️➡️ clawbacks ‼️

https://www.reuters.com/world/europe/montenegro-police-arrest-suspected-former-ceo-terraform-labs-interior-minister-2023-03-23/

In response Law & Physics to his Publication

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