In documents submitted to the United States Southern District Court on January 15th, the U.S. SEC agreed to the request from Do Kwon's legal team to postpone the trial start date to no earlier than March 18th. The filing stated, “The SEC agrees to the reasonable request by Do Kwon for a modest continuance to allow him to engage in the trial. If the trial date is delayed, the SEC respectfully proposes that the trial commence on April 15, 2024.”
While the SEC agreed to the request to potentially postpone the trial date, it opposed separating Kwon's case from the Terraform case. The SEC stated, “Conducting two trials would unnecessarily require witnesses, including SEC whistleblowers and financially limited retail investors, to testify twice on the same facts in separate trials.”
In earlier news, Do Kwon appealed the decision of the Montenegro Higher Court to uphold the extradition requests from the United States and South Korea. His lawyers stated that the local court faced pressure, and the reason for filing a new appeal was that the decision of the Montenegro Higher Court “seriously violated legal provisions, the European Extradition Convention, and the extradition bilateral treaties signed with the United States.”