New Federal Legislation on Stablecoins Could Shift Momentum in Do Kwon’s $40 Billion Criminal Case
New York, NY — Proposed federal legislation aims to clarify the status of stablecoins, potentially designating them as payment-related assets rather than securities. This development could significantly influence the ongoing $40 billion criminal case against Do Kwon, the founder of Terraform. As the U.S. Department of Justice continues its investigation into Kwon, the implications of this legislation are important. Authorities have charged Kwon with orchestrating a multi-billion dollar scheme that led to the collapse of Terraform’s digital assets, impacting investors and the broader crypto market. Currently, Kwon’s case hinges on allegations of fraud and mismanagement … Read more