trial

SafeMoon CEO requests to postpone his trial due to "policy changes" by the SEC during Trump's term

ChainCatcher news, according to Cointelegraph, Braden John Karony, the former CEO of the cryptocurrency company SafeMoon, has requested a judge to postpone his criminal trial, seemingly hoping that the Trump administration's stance on digital assets could 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 requested that the federal judge delay the jury selection for his trial from March to April 2025, citing "significant changes" brought by the U.S. Securities and Exchange Commission (SEC) during President Trump's term. The legal team for the SafeMoon CEO referenced an executive order signed by Trump on January 23, which explored potential changes in U.S. digital asset regulation, as well as a statement from SEC Commissioner Hester Peirce, which suggested that the commission would consider providing "retroactive relief" for certain cryptocurrency cases.It is currently unclear when Judge Eric Komitee will make a decision regarding Karony's request. In November 2023, U.S. authorities charged Karony, Kyle Nagy, and Thomas Smith of SafeMoon with conspiracy to commit securities fraud, conspiracy to commit wire fraud, and conspiracy to commit money laundering. Karony was released on bail after paying $3 million in February 2024. Karony has pleaded not guilty to all charges.

Central bank officials: Continuously apply high pressure to combat money laundering crimes, and constantly enhance the quality and efficiency of investigation, prosecution, and trial of money laundering crimes

ChainCatcher news, according to a report by The Paper, at the 14th China Anti-Money Laundering Summit and the 4th Lujiazui National Financial Security Summit, Wang Jing, Deputy Director of the Anti-Money Laundering Bureau of the People's Bank of China, pointed out that in recent years, national public security, prosecution, and judicial authorities have continuously increased their efforts to combat money laundering crimes, with the number of cases investigated, prosecuted, and tried steadily rising.With the emergence of new technologies and new business models, criminals are constantly innovating their money laundering methods, using illegal payment platforms, virtual currencies, e-commerce or live streaming platforms, game currencies, and other means to transfer and conceal criminal funds. They also mix various payment methods such as bank accounts, virtual currencies, and cash, making money laundering techniques more diverse and covert, which increases the difficulty of detection and investigation.Wang Jing emphasized that a high-pressure stance must be maintained in the ongoing crackdown on money laundering crimes, continuously improving the quality and efficiency of investigations, prosecutions, and trials.
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