SafeMoon CEO asks to promote trial based on "changes" in the US SEC during Trump
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According to Cointelegraph, Braden John Karony, former CEO of cryptocurrency company SafeMoon, has asked a judge to postpone its criminal trial, appearing to hope that the Trump administration's attitude towards digital assets will lead to at least one charge being dropped, according to Cointelegraph. .
In a February 5 filing with the U.S. District Court for the Eastern District of New York (EDNY), Karony asked a federal judge to postpone the jury selection of his trial from March to April 2025, citing the United States during his presidency. "Major changes" proposed by the Securities and Exchange Commission (SEC). SafeMoon CEO's legal team cites an executive order signed on January 23 that explores potential changes in U.S. digital asset regulation, and a statement from SEC commissioner Hester Peirce that implies that the committee will Consider providing “retrospective relief” for certain cryptocurrency cases.
It is not clear when Judge Eric Komitee will make a decision on Karony's request. In November 2023, U.S. authorities filed a lawsuit against SafeMoon's Karony, Kyle Nagy and Thomas Smith, accusing them of securities fraud, telecommunications fraud and money laundering. Karony was released pending trial in February 2024 after paying $3 million in bail. Karony pleaded not guilty to all charges.