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Terraform Labs co -founder to Kwon, faces criminal charges in the American Federal Court, could see a change in his indictment based on accounts that are currently moving around the US Congress.
According to Inner City Press reports, Kwon’s lawyers and prosecutors Met For a conference on status before Judge Paul Engelmayer at the US District Court for the South District of New York on Wednesday. The judge reportedly stated that “he has a brilliant law”, suggesting that this could affect Kwon’s accusations for securities fraud.
Genius act or guidance and determination of national innovation for American Stablecoins, passed through the US Senate On June 17, but still faces a possible vote in the House of Representatives in front of US President Donald Trump whether to sign a bill. Legislations focused on payment stablecins could affect kwon fees related to algorithmic stablecoin terrausd (Ust) and token Luna platform.
Terra’s Ust Degued of the dollar in 2022, probably contributed to the ecosystem accident and led to the authorities in South Korea and the US, which followed criminal charges against Kwon and other managers.
The co -founder of Terraform Labs was arrested in Montenegro in 2023 in 2023 for charging unrelated to the crypt and after numerous delays in court was Issued to the USA In December, nine crimes related to securities fraud, commodity fraud, market manipulation and money laundering.
Kwon has begged not to be guilty for all fees and is held without deposit. Since April, his criminal proceedings will be expected to start in January 2026.
Related: Number of victims to Kwon could exceed one million – court of filing
In 2024, jury Found Terraform Labs and Kwon responsible For cheating investors in the framework of civil management with the Securities and Stock Exchange Commission (SEC). Judge Engelmayer reportedly examined whether the decision in the civil case would be binding on the criminal case of Kwon.
Will the genius become an act of American law?
After graduating from the Senate, the law on genius is held in the House of Representatives for assessment. Billa, transparency and responsibility of stablecoins for a better economy of the book or stable act, also moves around the house because both chambers consider legislation for the structure of the digital asset market.
https://www.youtube.com/watch?v=ziirhv3cbog
Any account could affect how US financial regulations, such as commissions for trading commodity futures, and authorities concerning digital assets.
In February the legal team of former CEO of Braden John Karony Braden John Karona the judge asked To delay his criminal proceedings for the conspiracy to cheat on the United States, washing money and fraud with wires, provided Trump can direct changes in securities laws that affect his accusation. The carons were found guilty for all accusations in May.
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