- The court granted a two-week extension for pre-trial motions in Do Kwon’s securities fraud case.
- Both defense and prosecutors reported “productive talks” as the reason for the postponement.
- The pre-trial motion deadline is now July 15, and expert disclosures are due by December 1.
- Key legal issues include a money laundering charge, which may require litigation before the scheduled February 17 trial.
- The judge referenced the recently passed GENIUS Act, which could impact approach to securities cases.
A U.S. federal judge has approved a request to extend the deadline for pre-trial motions in Do Kwon’s securities fraud case. Both the defense team and prosecutors asked for an additional two weeks, moving the deadline to July 15. The extension follows ongoing “productive talks” between both parties, according to court filings.
Attorneys for Kwon stated that they are ready to file motions but prefer more time to continue discussions with U.S. prosecutors. The court also gave them until December 1 to submit any expert disclosures. This decision took place under the supervision of Judge Paul A. Engelmeyer, who is overseeing the case in the U.S.
At a recent hearing, Kwon’s legal team highlighted the money laundering charge as one of several issues that could be addressed before the currently scheduled trial date of February 17. They argued that resolving these questions in advance could affect trial proceedings. The case has already experienced delays, including one related to the review of new evidence.
Judge Engelmeyer noted his awareness of the GENIUS Act, a newly passed bill in the Senate addressing securities laws. This legislation is expected to be considered in the House and may merge with the crypto-focused STABLE Act, potentially influencing future cases involving digital assets.
Pre-trial motions allow parties to request changes to where a case is tried, dismiss certain charges, or exclude specific evidence. For example, the U.S. Securities and Exchange Commission and Justin Sun jointly requested a pause in another case as part of such motions. In Kwon’s case, a previous Department of Justice memo about crypto enforcement was discussed but found irrelevant to the charges at hand.
Defense attorneys previously cited ongoing productive negotiations when asking for a delay to a hearing set for June 12. The court maintains its current schedule, but further developments remain possible as both sides prepare for trial.
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