New Developments Regarding the Fate of Terra (LUNA) Founder Do Kwon – There May Be a Glimmer of Hope, Here Are the Critical Dates

Within the case of Terraform Labs and Terra (Luna) co-founder Do Hyeong Kwon, the protection workforce has requested for a two-week postponement of the Pretial submission of the deadline of July 1, 2025. In response to the submission of the federal court docket for the Southern District of the Deadline of the Deadline, Deadline will forestall Deadline to assist Non-cutting is averted.

Legal professionals said that Kwon was prepared, however that the enlargement can be favorable due to the “productive discussions” between the events. It was additionally reported that the requested postponement wouldn’t affect different judicial knowledge. Accordingly, the beginning date of the listening to remains to be deliberate for 17 February 2026.

The events have additionally reached an settlement on the submission date of witness statements of specialists. Accordingly, the protection will submit their statements on December 1, 2025, one month after the federal government’s statements on October 31, 2025.

Throughout a listening to final week, Choose Paul Engelmayer hinted that the newly adopted genius legislation may affect the course of the case. The Genie (Guiding and Sturing Nationwide Innovation for US Stablecoins) Act, which adopted the US Senate on 17 June, is meant to manage Stablecoins for cost functions.

This invoice isn’t but voted within the Home of Representatives and is ready for the signature of President Donald Trump, however whether it is assumed, it may change the authorized foundation for the accusations towards KWON with regard to Terrausd (UST) and the Luna token.

*This isn’t funding recommendation.