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SEC assents to Do Kwon, Terra trial delay until April 15 The U.S. Securities and Exchange Commission is unopposed to delaying Terra’s crypto fraud trial and instead open to waiting till Terraform co-founder Do Kwon is extradited. Federal prosecutors filed two court arguments for the trial of Do Kwon and his blockchain startup Terraform Labs over the $40 billion collapse of TerraLuna (LUNC ) and TerraUSD (UST) in May 2022. The SEC agreed to a “modest adjournment” of the Terraform case until mid-April while proceedings over Kwon’s extradition continue in Montenegro. The U.S. Securities and Exchange Commission (SEC) also argued against separate trials for Kwon and Terraform since the cases are commingled.  Kwon’s lawyers had sought court approval to delay Terra’s trial until Mar. 18 so the former crypto tycoon could attend the trial. His lawyers disclosed that Kwon would not file for a second extension ..