According to ChainCatcher, citing documents submitted by the U.S. Department of Justice (DOJ) last Friday, the DOJ 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 the Justice Department's new approach to protecting 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.
Previous report indicated that SafeMoon's CEO requested a postponement of his trial due to "policy changes" by the U.S. SEC during the Trump administration
DOJ to continue fraud lawsuit against former SafeMoon CEO
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