Odaily Planet Daily News Braden John Karony, the former CEO of the bankrupt crypto company SafeMoon, has asked a judge to postpone his criminal trial, seemingly hoping that the Trump administration's attitude toward digital assets may lead to the dismissal of at least one charge. In a document filed with the U.S. District Court for the Eastern District of New York (EDNY) on February 5, Karony asked a federal judge to postpone jury selection from March 2025 to April 2025, citing "significant changes" proposed by the Securities and Exchange Commission under President Trump.
The legal team of the SafeMoon CEO cited an executive order signed by Trump on January 23 that explored potential changes to the country's regulations on digital assets, as well as a statement by SEC Commissioner Hester Peirce that suggested the commission would consider "retroactive relief" for certain crypto cases.
Earlier news, in 2023, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit in the Eastern District Court of New York today, accusing the encryption company SafeMoon LLC and its founder Kyle Nagy, SafeMoon US LLC, the company's CEO John Karony and Chief Technology Officer Thomas Smith, of conducting a large-scale fraudulent scheme through the unregistered encryption asset security SafeMoon. The charges include securities fraud, wire fraud and money laundering conspiracy. (Cointelegraph)