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Apr 10, 2025
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DOJ’s Crypto Enforcement Memo Does Not Affect Do Kwon’s Criminal Charges

1 min

The U.S. Department of Justice (DOJ) memo dismantling its crypto unit will not affect the prosecution of Do Kwon, co-founder of Terraform Labs. Key points include:

  • The DOJ will not pursue charges against crypto exchanges or wallets for user actions.
  • Prosecution will maintain charges against Kwon, which include commodities and securities fraud.
  • Kwon's attorney indicated the memo might lead to pre-trial motions regarding the classification of cryptocurrencies involved.
  • In a related SEC civil case, it was determined that the tokens were securities.
  • A status conference is set for June 12, with pre-trial motions expected in July.
  • Kwon’s trial date has been rescheduled from January 26, 2026, to February 17, 2026.