The U.S. prosecutors claim that the Justice Department's adjustment to encryption policy does not affect the charges against Do Kwon
According to The Block, U.S. prosecutors have stated that despite the Department of Justice (DOJ) recently releasing an internal memo relaxing enforcement standards for crypto companies, this will not alter existing charges against Terraform Labs founder Do Kwon. The memo, signed by Deputy Attorney Todd Blanche, calls for a temporary halt to criminal prosecutions of crypto exchanges and mixing services except in special circumstances and states that related regulatory work should be handled by agencies from the Trump administration. Do Kwon is currently facing multiple charges including commodity fraud, securities fraud, wire fraud and conspiracy to launder money; if convicted on all counts he could face up to 130 years in prison. The court has postponed the trial date from January 26th 2026 to February 17th 2026 with the next pretrial conference scheduled for June 12th 2025.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Australia faces rising inflation risks as RBA faces further tightening pressure at next week's policy meeting
Reserve Bank of Australia (RBA) Governor Michele Bullock stated at a Senate committee hearing on Wednesday that some international and domestic upside risks to inflation have already emerged or are emerging, which could result in inflation being higher than the central bank’s baseline scenario for August.
Profit surges 7-fold, revenue breaks 100 trillions for the first time: SK hynix (SKHY.US) responds to AI bubble concerns with record-breaking quarterly report
SK Hynix reported an operating profit of 83.3 trillion won for the third quarter, surpassing expectations, and announced shareholder returns of approximately 100 trillion won within the year.
Crypto prices
More
