Key audience details for Do Kwon could influence his case.
Amid the advance of new regulations on stablecoins in the U.S., the possible approval of the GENIUS Act and the Clarity Act in Congress could have a direct impact on the trial against the founder of Terra.
The judge in charge of the case, Magistrate Engelmayer, had already mentioned this topic in previous hearings and today reiterated its relevance.
Why are these laws important?
If Congress approves them and establishes that stablecoins and other crypto assets are not securities, the securities fraud charges against Do Kwon could be reconsidered. This, in turn, would strengthen his chances of being released.
The political context:
Both initiatives have bipartisan support and are being closely monitored by figures such as Donald Trump. With the regulatory momentum that the U.S. is gaining, their approval seems increasingly likely.
What would happen if Do Kwon is released?
His return could completely alter the landscape for projects like $LUNC , $USTC , and $LUNA , generating a domino effect in the market. Undoubtedly, these would be days of high volatility and opportunities.
We will be attentive to upcoming developments, as this case could set a key precedent for the industry.
