Do Kwon and Terraform Labs have requested that a US district court dismiss the SEC lawsuit against them. The SEC is alleging that Kwon and Terraform Labs engaged in securities fraud by selling unregistered securities and misleading investors about the risks associated with their products. Kwon and Terraform Labs argue that the SEC has failed to prove that they offered securities or engaged in fraud. They also argue that the SEC's lawsuit is barred by the statute of limitations and that the SEC lacks jurisdiction over the case.