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    Home»Markets»GENIUS Act Might Reshape Authorized Battle over TerraUSD and LUNA Tokens – CryptoDnes EN
    GENIUS Act Might Reshape Authorized Battle over TerraUSD and LUNA Tokens – CryptoDnes EN
    Markets

    GENIUS Act Might Reshape Authorized Battle over TerraUSD and LUNA Tokens – CryptoDnes EN

    By Crypto EditorJune 30, 2025No Comments2 Mins Read
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    Within the case involving Terraform Labs and its co-founder Do Hyeong Kwon, the protection has requested the Federal Courtroom for the Southern District of New York to increase the deadline for pretrial filings by two weeks, pushing it past the unique date of July 1, 2025.

    The request goals to assist either side keep away from pointless filings, a transfer supported by the prosecutor’s workplace.

    Though Kwon’s authorized crew said that they had been ready to satisfy the preliminary deadline, they imagine the extension could be useful given ongoing productive discussions between the events. Importantly, this delay gained’t affect different courtroom schedules, with the trial nonetheless anticipated to start on February 17, 2026.

    The protection and prosecution have additionally agreed on a timeline for skilled witness statements. The federal government will submit theirs by October 31, 2025, whereas the protection will observe with their stories by December 1, 2025.

    In a current listening to, Decide Paul Engelmayer talked about the newly handed GENIUS Act may affect the case’s path. The GENIUS (Guiding and Establishing Nationwide Innovation for US Stablecoins) Act, authorised by the Senate on June 17, goals to control stablecoins used for funds.

    Although the invoice nonetheless awaits approval within the Home of Representatives and the President’s signature, its passage may alter the authorized framework surrounding the fees in opposition to Kwon, significantly regarding TerraUSD (UST) and the LUNA token.

    GENIUS Act Might Reshape Authorized Battle over TerraUSD and LUNA Tokens – CryptoDnes EN

    Alexander has been working within the crypto trade for 3 years, throughout which period he has established himself by way of his energetic participation in monitoring market dynamics and technological improvements. His curiosity in cryptocurrencies and new applied sciences is not only knowledgeable dedication, however a deep private ardour. He follows the information within the sector day by day, analyzes developments, and is worked up about each new step within the growth of blockchain options. His enthusiasm drives him to constantly be taught and share information, as he sees the long run in digital finance and its function in international transformation.

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