Do Kwon, co‑founder of Terraform Labs, was sentenced to 15 years in prison on Dec. 11, 2025 after admitting in August to conspiracy and wire fraud. The ruling is a major legal outcome tied to the collapse of the Terra ecosystem and affects holders of LUNA and LUNC.

The U.S. Senate and House are moving forward with bills to regulate digital assets, specifying that major cryptocurrencies like Bitcoin and Ether are not securities, while introducing disclosure rules for issuers. Meanwhile, the Tornado Cash co-founder faces allegations of enabling money laundering.