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SEC vs. Do Kwon: LUNC and USDC in the Crosshairs

Published 10/03/2024, 10:38
Updated 10/03/2024, 10:45
SEC vs. Do Kwon: LUNC and USDC in the Crosshairs
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LUNAt/USD
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Coin Edition -

  • The court scheduled the SEC vs Do Kwon trial to begin on March 25.

  • Kwon would miss the initial stages of the trial following complications in extraditing him from Montenegro.

  • Users expect LUNC and USDC to react following the trial’s impact.

The cryptocurrency market is experiencing significant volatility, and coming events suggest the trend will continue in March. One notable expectation is the commencement of trials between the U.S. Securities and Exchange Commission (SEC) and Do Kwon, co-founder of Terraform Labs.

A schedule of events shows the SEC vs Do Kwon trial would start on March 25, a day that could be significant for LUNC and USDC, two cryptocurrencies linked with the embattled Terraform Labs. Naturally, users expect the trial commencement to generate initial sentiments on the market outlook for the affected cryptos.

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