PANews reported on April 21 that according to documents submitted by the US Department of Justice (DOJ) last Friday, the Department of Justice during the Trump era sought to reduce enforcement efforts against cryptocurrencies, but this did not prevent federal prosecutors from pursuing SafeMoon's former CEO Braden Karony. Karony faces fraud charges related to the token's collapse. He is set to stand trial in May, which will be a key litmus test for whether the Department of Justice's new approach will protect executives from past alleged misconduct. On April 18, the federal prosecutor in the Eastern District of New York confirmed the continuation of the lawsuit. Karony is charged with conspiracy to commit securities fraud, wire fraud, and money laundering, pleaded not guilty, and has been released on $3 million bail since February.
Previously, on April 10, SafeMoon's CEO again requested dismissal of the lawsuit, citing the DOJ's dissolution of the cryptocurrency department.
