PANews reported on April 21 that according to law360.com, citing documents filed by the U.S. Department of Justice (DOJ) last Friday, the U.S. Department of Justice during the Trump era had pushed to scale back enforcement on cryptocurrencies, but this did not stop federal prosecutors from pursuing Braden Karony, former CEO of SafeMoon. Karony faces fraud charges related to the collapse of the token. He is set to go to trial in May, which will be a key test of whether the new approach of the Department of Justice will protect executives from past allegations of alleged 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 was charged with conspiracy to commit securities fraud, wire fraud, and money laundering, and has pleaded not guilty and has been on bail at $3 million since February.
Earlier on April 10 , SafeMoon CEO again applied to dismiss the lawsuit on the grounds that the U.S. Department of Justice disbanded its cryptocurrency department.
