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    Home»Crypto News»Change in US crypto legal guidelines might have an effect on prices in Do Kwon’s prison case
    Change in US crypto legal guidelines might have an effect on prices in Do Kwon’s prison case
    Crypto News

    Change in US crypto legal guidelines might have an effect on prices in Do Kwon’s prison case

    By Crypto EditorJune 25, 2025No Comments3 Mins Read
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    Change in US crypto legal guidelines might have an effect on prices in Do Kwon’s prison case

    Terraform Labs co-founder Do Kwon, dealing with prison prices in US federal court docket, might see a change in his indictment primarily based on payments at present shifting via the US Congress.

    Based on reporting from Interior Metropolis Press, Kwon’s legal professionals and prosecutors met for a standing convention earlier than Choose Paul Engelmayer within the US District Court docket for the Southern District of New York on Wednesday. The decide reportedly stated he was “conscious of the GENIUS Act,” suggesting that it might influence Kwon’s prices on securities fraud.  

    The GENIUS Act, or the Guiding and Establishing Nationwide Innovation for US Stablecoins, handed the US Senate on June 17, however nonetheless faces a doable vote within the Home of Representatives earlier than US President Donald Trump decides whether or not to signal the invoice into legislation. The laws, focusing on laws for cost stablecoins, might have an effect on Kwon’s prices associated to the TerraUSD (UST) algorithmic stablecoin and the platform’s LUNA token.