Coin

<ul>
 <li>The SEC agrees to postpone Do Kwon’s trial to mid-March in response to Kwon’s request.</li>
 <li>Do Kwon’s lawyers request Judge Rakoff to push the trial to mid-March so that he could attend the trial.</li>
 <li>The regulators oppose Kwon’s request for separate trials for Terraform and Kwon.</li>
</ul>
In a recent development in the SEC-Terraform legal tussle, the Securities and Exchange Commission has <a href="https://www.reuters.com/legal/us-sec-willing-delay-terraform-labs-trial-do-kwons-extradition-2024-01-15/" target="_blank" rel="noopener noreferrer nofollow">agreed</a> to delay the civil trial involving Terraform Labs and its co-founder, Do Kwon. The regulator’s move is in response to Do Kwon’s request for the postponement of the trial to mid-March.
In February 2023, the SEC <a href="https://www.sec.gov/news/press-release/2023-32" target="_blank" rel="noopener noreferrer nofollow">charged</a> Terraform Labs and Do Kwon with “orchestrating a multi-billion dollar crypto asset securities fraud involving an algorithmic stablecoin and other crypto asset securities.” Consequently, Do Kwon was <a href="https://coinedition.com/terraform-labs-ex-ceo-do-kwon-arrested-for-fraud-and-conspiracy/" target="_blank" rel="noopener noreferrer nofollow">arrested</a> in Montenegro, alleging almost eight charges, including fraud and conspiracy. Held in Montenegro prison, Do Kwon’s extradition still remains a question, with recent reports<a href="https://coinedition.com/do-kwon-faces-extradition-to-the-us-rather-than-south-korea-wsj/" target="_blank" rel="noopener noreferrer nofollow"> hinting</a> at his extradition to the US than to South Korea.
On January 11, Do Kwon’s lawyers sent a <a href="https://x.com/innercitypress/status/1745659357897867369?s=20" target="_blank" rel="noopener noreferrer nofollow">letter</a> to Judge Jed Rakoff, pointing out the longer and slower extradition p…
The post <a href="https://coinedition.com/sec-nods-do-kwons-trial-postponement-whats-next/" rel="noopener noreferrer nofollow">SEC Agrees to Push Do Kwon’s Trial, Awaits Judge Rakoff’s Decision</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

SEC Agrees to Push Do Kwon’s Trial, Awaits Judge Rakoff’s Decision

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