Do Kwon's next hearing has been postponed to June 12. The judge has postponed the verdict hearing to February 17.
The judge stated, "I understand that the U.S. Department of Justice has an internal correspondence that could affect some allegations. For this reason, I made a slight change to the hearing date." He postponed the verdict hearing to February 17.
⚫️ Our conclusion from the hearing is clear; the SEC's lawyers do not have concrete evidence. The judge said, "The government must tell the defense which are commodities and which are securities."
Trump has new executive orders regarding stablecoins. The judge will also evaluate these orders and make his decision accordingly.
The judge also stated, "In the SEC case against the company and Mr. Kwon, Judge Rakoff, for example, made decisions based on hearsay. Instinctively, I want to litigate this all summer long."
In criminal proceedings, you cannot make decisions based on hearsay. These issues will be discussed in the hearings that will take place throughout the summer. The question of whether the prosecution is preparing an indictment was asked. There is no indictment preparation either.
My conclusion is; Do Kwon will be released in 2026. Trump's regulations and policy changes regarding stablecoins will be influential in Do Kwon's release. It is now just a matter of time...
$LUNC $USTC #LUNA #DoKwon #Terra
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