SEC Sues Over TerraUSD Stablecoin

The SEC has filed a case against Duquan and Terraform Labs, accusing them of misleading investors regarding the Terra USD stable coin, which collapsed last year. This marks a significant regulatory move as it's the first major case against stable coins, potentially setting a precedent for future actions. The SEC's approach could have wide-reaching implications for the cryptocurrency industry, especially concerning the classification and regulation of crypto tokens as securities.

What potential future actions might the SEC take regarding other stable coins?

What is the significance of the SEC Chair Gary Gensler's stance on crypto tokens?