LAST MINUTE IN BIG LITIGATION: DO KWON'S LEGAL TEAM SAYS 'ONE MORE EXTENSION!'
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Do Kwon's legal team requested more time to submit their pretrial demands in the U.S. After the prosecution requested additional documents and the review of 4 TB of evidence, the parties requested a two-week extension for the continuation of 'productive discussions.' This application is considered a critical step towards a settlement between the prosecution and defense under HMK 127, recognized in the American legal system; if the request is granted, the extension cannot exceed one month.
The negotiations for the extension between the parties could have significant effects on the market, especially for Terra Classic tokens like LUNC and USTC. Indeed, this additional process is seen as a major opportunity that could cause price volatility in the crypto community.
Meanwhile, the first hearing conference in the U.S. is scheduled for March 2025, and the jury trial is planned for January 2026. This timeline indicates that while it allows the defense ample time to evaluate evidence, the process is likely to take longer.
CONCLUSION: The additional time requested by Do Kwon's lawyers indicates the seriousness of the pretrial negotiations. This could be decisive in shaping both the judicial strategy and the balances of LUNC-USTC in the crypto market in the upcoming process. Granting the parties more preparation time before the final decision is a critical development for the process to operate transparently and comprehensively.
