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The U.S. Department of Justice will continue to advance the fraud lawsuit against the former CEO of SafeMoon.
CoinVoice has recently learned, according to law360.com citing documents submitted by the U.S. Department of Justice (DOJ) last Friday, that during the Trump administration, the DOJ pushed to reduce the enforcement efforts against Crypto Assets, but this did not stop federal prosecutors from pursuing charges against SafeMoon's former CEO Braden Karony. Karony faces fraud charges related to the collapse of the Token. He is set to stand trial in May, which will be a key test of whether the DOJ's new policy will protect executives from past allegations of misconduct. On April 18, federal prosecutors in the Eastern District of New York confirmed that they would continue to move forward with the lawsuit. Karony is charged with conspiracy to commit securities fraud, wire fraud, and Money Laundering, and has pleaded not guilty, remaining out on bail of $3 million since February. Earlier reports indicated that the SafeMoon CEO requested to postpone his trial due to "policy changes" from the SEC during Trump's term.