The SEC supported the request of the co-founder of the collapsed Terraform Labs (TFL), Do Kwon, to postpone the trial. Cointelegraph reports this with reference to court documents.
The commission said it was “fully ready, willing and able to proceed” with the trial against TFL and its head, but agreed the start date needed to be changed.
“The SEC joins Kwon's request for a short delay so that he can participate in the trial. If the trial date is postponed, the agency respectfully requests that the trial date be set for April 15, 2024,” the document states.
On January 11, the co-founder of TFL asked the US court to postpone the trial because he wanted to attend it in person, but could not do so due to the delay in extradition.
Despite the SEC's agreement with the postponement, the agency opposed the separation of the Kwon and Terraform Labs case. In February 2023, the Commission brought charges against both parties in the same proceeding.