Change In US Crypto Laws May Affect Charges In Do Kwon’s Criminal Case
Terraform Labs co-founder Do Kwon, facing criminal charges in US federal court, could see a change in his indictment based on bills currently moving through the US Congress.
According to reporting from Inner City Press, Kwon’s lawyers and prosecutors met for a status conference before Judge Paul Engelmayer in the US District Court for the Southern District of New York on Wednesday. The judge reportedly said he was “mindful of the GENIUS Act,” suggesting that it could impact Kwon’s charges on securities fraud.
The GENIUS Act, or the Guiding and Establishing National Innovation for US Stablecoins, passed the US Senate on June 17, but still faces a possible vote in the House of Representatives before US President Donald Trump…
