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MainNewsTerra’s Fina...

Terra’s Final Chapter: Community Takes Charge After $4.5B SEC Settlement


by CoinEdition
  • Terraform Labs will debut the final upgrade to the Terra ecosystem soon.
  • The company’s announcement comes amid a $4.5 billion settlement with the SEC.
  • After the upgrade, community-driven initiatives will take over the network.

Terraform Labs, the company behind the Terra ecosystem’s rollercoaster ride and the UST stablecoin’s collapse, has revealed the final upgrade to its blockchain network in the wake of the $4.5 billion settlement with the U.S. Securities and Exchange Commission (SEC).

Proposal 4818 will be the last chain upgrade on the Terra network, after which community-led initiatives will take the reins.

In an X post, Terraform Labs confirmed that as part of carrying out its proposed Chapter 11 plan, it will finish the integration of Proposal 4818, and then hand over control of the blockchain network to community-driven projects like Phoenix Directive.

The post Terra’s Final Chapter: Community Takes Charge After $4.5B SEC Settlement appeared first on Coin Edition.

Read the article at CoinEdition

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Tokenization Takes Center Stage at SEC’s Latest Crypto Roundtable

Tokenization Takes Center Stage at SEC’s Latest Crypto Roundtable

The U.S. Securities and Exchange Commission (SEC) continues to deepen its engagement ...
Amber International Rolls Out $100M Crypto Reserve Targeting BNB, SOL, XRP, ETH

Amber International Rolls Out $100M Crypto Reserve Targeting BNB, SOL, XRP, ETH

Amber International, a Nasdaq-listed company under the ticker AMBR and operating as A...
MainNewsTerra’s Fina...

Terra’s Final Chapter: Community Takes Charge After $4.5B SEC Settlement


by CoinEdition
  • Terraform Labs will debut the final upgrade to the Terra ecosystem soon.
  • The company’s announcement comes amid a $4.5 billion settlement with the SEC.
  • After the upgrade, community-driven initiatives will take over the network.

Terraform Labs, the company behind the Terra ecosystem’s rollercoaster ride and the UST stablecoin’s collapse, has revealed the final upgrade to its blockchain network in the wake of the $4.5 billion settlement with the U.S. Securities and Exchange Commission (SEC).

Proposal 4818 will be the last chain upgrade on the Terra network, after which community-led initiatives will take the reins.

In an X post, Terraform Labs confirmed that as part of carrying out its proposed Chapter 11 plan, it will finish the integration of Proposal 4818, and then hand over control of the blockchain network to community-driven projects like Phoenix Directive.

The post Terra’s Final Chapter: Community Takes Charge After $4.5B SEC Settlement appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Tokenization Takes Center Stage at SEC’s Latest Crypto Roundtable

Tokenization Takes Center Stage at SEC’s Latest Crypto Roundtable

The U.S. Securities and Exchange Commission (SEC) continues to deepen its engagement ...
Amber International Rolls Out $100M Crypto Reserve Targeting BNB, SOL, XRP, ETH

Amber International Rolls Out $100M Crypto Reserve Targeting BNB, SOL, XRP, ETH

Amber International, a Nasdaq-listed company under the ticker AMBR and operating as A...