US prosecutors say the Justice Department's change in encryption policy does not affect charges against Do Kwon
Odaily News U.S. prosecutors said that although the Department of Justice (DOJ) recently issued an internal memorandum to relax enforcement standards for crypto companies, it will not modify the existing charges against Terraform Labs founder Do Kwon. The memorandum, signed by Deputy Minister Todd Blanche, calls for the suspension of criminal prosecutions of crypto exchanges, currency mixing services and other companies except in special circumstances, and states that related regulatory work should be the responsibility of Trump administration regulators. Do Kwon is currently charged with commodities fraud, securities fraud, wire fraud and conspiracy to launder money, and if convicted, he could face up to 130 years in prison. The court has postponed the trial date from January 26, 2026 to February 17, 2026, and the next pre-trial conference is scheduled for June 12, 2025. (CoinDesk)