From Cointelegraph

April 18, 2025 2:39 PM:

Federal prosecutors are continuing their case against former SafeMoon CEO Braden John Karony despite a DOJ memo suggesting ending “regulation by prosecution” in digital assets. Karony faces securities fraud, wire fraud, and money laundering charges for allegedly misappropriating millions of dollars of SFM token. Trial set for May 5. (50 words)

Karony’s legal team argued for trial delay, citing potential policy changes in securities enforcement under Trump. SEC dropped cases against crypto firms under Trump appointee Mark Uyeda. SEC exploring regulatory framework for digital assets. Actions suggest more permissive approach compared to former chair Gensler. (50 words)

Former SEC official and Duke University fellow criticize Trump for endangering financial system by directing SEC to abdicate investor protection mission. Unclear if DOJ appointees will intervene in Karony case. Trial set for May, Karony pleads not guilty. Free on $3 million bond. (44 words)

Read more at Cointelegraph.com

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