SafeMoon Ex-CEO Seeks Trial Delay, Citing Potential Shifts in Crypto Regulations

Braden John Karony, ex-CEO of SafeMoon, has filed a request to delay his upcoming trial, hoping that shifting U.S. regulations under the Trump administration might help dismiss some of the charges against him.

In a February 5 court filing, Karony’s defense team asked for a postponement from March to April 2025, citing potential changes in how digital assets are regulated. They referenced a January executive order from Trump that could affect how the SEC views crypto assets like SafeMoon, possibly retroactively altering the case.

The case stems from a 2023 indictment in which Karony and two others were accused of stealing millions of dollars worth of SafeMoon tokens.

The charges include securities fraud, wire fraud, and money laundering, with SafeMoon’s classification as a security being central to the case. Karony’s legal team argues that, should the SEC revise its stance, the charges could be invalidated.

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While Karony hopes for favorable regulatory changes, U.S. prosecutors have pushed back, arguing that even if the law changes, charges related to wire fraud and money laundering should still stand. Despite the ongoing legal battle, Karony remains out on a $3 million bond, while one of his co-defendants, Nagy, is believed to have fled to Russia.

As the regulatory environment for digital assets evolves, this case may be one of many that could test the limits of current laws surrounding crypto-related crimes.

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Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.