Jump Trading, a well-known market maker, is set to join Terraform Labs and the U.S. Securities and Exchange Commission (SEC) in a civil trial scheduled for next year. A judge has called for Jump Trading's involvement following claims of its efforts to prop up TerraUSD in May 2021. The judge's decision stems from an internal whistleblower's testimony, suggesting Jump Trading's intent to support TerraUSD, which, if true, could cast doubt on Terraform founder Do Kwon's claims about TerraUSD's stability. This trial is part of a broader SEC lawsuit against Terraform Labs, which included allegations of offering unregistered securities and resulted in a significant impact on the crypto market.
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