If you thought Do Kwon’s legal drama was over, sit down and grab a snack. 🍿
Because plot twist: new U.S. crypto laws might actually change the charges against him.
Yes. You read that right.
The same guy behind the Terra/LUNA meltdown may end up fighting different charges depending on how Congress feels about crypto this week. 🎢
Quick refresher for the people in the back:
- Do Kwon, co-founder of Terraform Labs, helped launch TerraUSD (UST) — an algorithmic stablecoin that depegged (aka totally freaked out) in 2022.
- That crash wiped out billions 💸 and caused a ripple effect across the crypto world.
- Kwon dipped, got arrested in Montenegro (on unrelated charges), and was extradited to the U.S. in December 2023.
- Now? He’s facing nine felony charges, including fraud, manipulation, and money laundering.
But here’s the spicy part 🌶️:
The GENIUS Act might mess with how those charges play out.
Let’s decode it like your clueless cousin trying to understand crypto: