According to a report by Cointelegraph, Braden John Karony, the former CEO of cryptocurrency firm SafeMoon, has asked a judge to delay his criminal trial, apparently hoping that the Trump administration's attitude towards digital assets will lead to at least one charge being dropped.
In a Feb. 5 filing with the U.S. District Court for the Eastern District of New York (EDNY), Karony petitioned a federal judge to delay jury selection for his trial from March to April 2025, citing "significant changes" proposed by the Securities Exchange Commission (SEC) during Trump's presidency. SafeMoon CEO's legal team cited an executive order signed by Trump on Jan. 23 that explored potential changes in U.S. regulation of digital assets, as well as a statement from SEC Commissioner Hester Peirce suggesting the commission would consider providing "retroactive relief" for certain cryptocurrency cases.
It is unclear when Judge Eric Komitee will be able to make a decision on Karony's request. In November 2023, U.S. authorities indicted Karony, Kyle Nagy, and Thomas Smith of SafeMoon, charging them with securities fraud conspiracy, wire fraud conspiracy, and money laundering conspiracy. Karony was released pending trial in February 2024 after paying $3 million bail. Karony pleaded not guilty to all charges.
SafeMoon CEO Demands Trial Based on SEC'Policy Changes' Under Trump
2025-02-08 06:03:02
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