Do Kwon, co -founder of Terraform Labs, criminal charges at the US Federal Court, will witness a change in his accusation list based on bills that are currently transferred through the American Conference.
According to a report from Inner City Press, KWON’s lawyer and prosecutors meet To attend a conference to the status before Judge Paul Engemayer at the American boycott court for the southern region of New York on Wednesday. According to the judge, the judge said that he “realizes the law of the genius,” which indicates that it may affect the charges of Konon on the fraud of securities.
The genius law, or directing and creating the national innovation of the American Stablecoins, approved the US Senate on June 17, but still faces a possible vote in the House of Representatives before US President Donald Trump decided whether the bill will be signed in the law. The legislation, which targets the regulations for Stablecoins, can affect the KWON fee related to the Terrausd (UST) Stablecoin and Luna code.
Terra installed it from the dollar in 2022, which is likely to contribute to the crash of the ecosystem and lead to the authorities in South Korea and the United States to take criminal charges against Coone and other executives.
The co -founder of the TerraForm Labs was arrested in Montenegro in 2023 on charges of unrelated encryption, and after many delays in court, it was handed over to the United States in December to face nine charges of crime related to securities fraud, fraud in goods, manipulation of the market and money laundering.
Coone has acknowledged that he was not guilty of all charges and being held without sponsorship. As of April, his criminal trial is expected to start in January 2026.
Related to: The number of DO KWON victims can exceed one million – the court submission
In 2024, the TerraForm and Kwon jury founded in charge of fraud on investors as part of a civil issue with the Securities and Stock Exchange Committee (SEC). According to what was reported, Judge Engemayer was exploring whether the rulings contained in the civil case would be binding on the criminal case.
Will the genius law become an American law?
After passing the Senate, the genius law is held in the House of Representatives for consideration. Also, the partner of the draft law, the stablecoin transparency and the accountability of a better Ledger economy, or a stable law, also moves through the House of Representatives, as both rooms consider legislation to the structure of the digital asset market.
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Any of the bills can affect how financial organizers in the United States such as SEC and the Futures Trading Committee for commodity, salads and salads involved digital assets.
In February, the former CEO of Safemoon asked the judge to delay his criminal trial for conspiring to defraud the United States, laundering money and fraud in wires, assuming that Trump can direct changes in the laws of securities that affect his concern. Caroni was convicted of all charges in May.
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