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# Genesis Ordered to Comply with Subpoena in TerraUSD Collapse: A Critical Moment for Crypto Lending

In a recent development, a New York district judge has issued an order for crypto lender Genesis to comply with a subpoena and produce specific documents pertaining to the collapse of algorithmic stablecoin TerraUSD. Genesis, which failed to produce the requested documents on October 9, now has a five-day window to respond to the court's order. This legal action comes as part of the ongoing lawsuit filed by the Securities and Exchange Commission (SEC) against Terraform Labs and its founder Do Kwon, accusing them of defrauding investors and withholding essential information about the stablecoin. The outcome of this case could have significant implications for the crypto lending industry and the regulatory oversight of stablecoins.
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