SafeMoon CEO Requests Delay of Criminal Trial Due to Changes in Trump Administration's Crypto Policies
Powered by ChatGPTOdaily Planet Daily News Braden John Karony, the former CEO of the bankrupt cryptocurrency company SafeMoon, has requested a judge to postpone his criminal trial, seemingly hoping that the Trump administration's attitude toward digital assets may lead to at least one charge being dropped. In documents submitted to the U.S. District Court for the Eastern District of New York (EDNY) on February 5, Karony asked the federal judge to delay jury selection from March 2025 to April 2025, citing "significant changes" under President Trump’s leadership of the Securities and Exchange Commission (SEC).
Karony's legal team referenced an executive order signed by Trump on January 23, which explores potential changes to the country's regulations on digital assets, as well as a statement by SEC Commissioner Hester Peirce, which suggested that the commission would consider "retroactive relief" for certain cryptocurrency cases.
Previous reports indicated that the SEC today filed a lawsuit in the U.S. District Court for the Eastern District of New York, accusing the cryptocurrency company SafeMoon LLC and its founders Kyle Nagy, SafeMoon US LLC, CEO John Karony, and CTO Thomas Smith of conducting a large-scale fraudulent scheme through the unregistered cryptocurrency security SafeMoon, with charges including securities fraud, wire fraud, and money laundering conspiracy. (Cointelegraph)