TechFlow news, April 10 — According to Cointelegraph, Braden John Karony, CEO of cryptocurrency project SafeMoon, is invoking recent changes in the U.S. Department of Justice's (DOJ) crypto enforcement policy to seek dismissal of litigation against him.
Karony’s attorneys stated in a letter to a New York federal judge on April 9 that Deputy Attorney General Todd Blanche issued a memorandum on April 7 dissolving the DOJ’s cryptocurrency unit and declaring that the department will “no longer pursue regulatory-framework-style prosecutions or enforcement actions related to digital assets.”
Previous report, the U.S. Department of Justice and Securities and Exchange Commission filed charges against Karony and other SafeMoon executives in November 2023 for securities violations, wire fraud, and money laundering, alleging they misappropriated investor funds and extracted $200 million worth of assets from the project.
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