U.S. Prosecutors Maintain Charges Against Terraform Labs Founder Despite DOJ Memo

According to Odaily, U.S. prosecutors have stated that the recent Department of Justice (DOJ) internal memo, which eases enforcement standards for cryptocurrency companies, will not alter the existing charges against Terraform Labs founder Do Kwon. The memo, signed by Deputy Attorney General Todd Blanche, advises halting criminal prosecutions of crypto exchanges and mixing services, except in special circumstances, and suggests that regulatory oversight should be handled by agencies under U.S. President Donald Trump's administration. Do Kwon faces multiple charges, including commodity fraud, securities fraud, wire fraud, and conspiracy to commit money laundering. If convicted, he could face a maximum sentence of 130 years in prison. The court has rescheduled the trial date from January 26, 2026, to February 17, 2026, with the next pretrial conference set for June 12, 2025.