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It looks like Terraform Labs is shutting down. After signing a $4.47 billion agreement with the SEC, Chris Amani announced that the company will cease operations. This decision came after the UST collapse, and people are now wondering if LUNC will be delisted.
Interestingly, the community's reaction is mixed. Some support the transition of the Terra blockchain control to the community, while others criticize the previous management. They said they would burn unearned tokens, but this move didn't satisfy everyone.
There is also some volatility in the market right now. LUNA has increased by 1.68% in the last 24 hours, and LUNC has gained 1.06%. However, this SEC agreement sets a serious precedent in the crypto world. Regulatory pressure seems to be increasing. How do you evaluate these developments?