SafeMoon CEO： The weakening of cryptocurrency enforcement by the US Department of Justice should lead to the dismissal of its cases

According to Golden Finance, Braden John Karony, CEO of cryptocurrency company SafeMoon, cited the directive from the US Department of Justice (DOJ) to no longer pursue some cryptocurrency charges in a letter to New York Federal Court Judge Eric Komitee on April 9th, attempting to have the case against him and the company dismissed. Caroline's lawyer Nicholas Smith stated that the court should consider the memorandum released by Deputy Attorney General Todd Blanche on April 7th, which dissolved the cryptocurrency division of the DOJ. The memo states that "the Department of Justice is not the regulatory agency for digital assets," and the DOJ "will no longer engage in litigation or enforcement actions that impose regulatory frameworks on digital assets. In addition, Blanche instructed prosecutors not to charge violations of securities and commodity laws in the case. When the DOJ is required to determine whether digital assets are securities or commodities, if there are other available charges such as wire fraud, no related charges will be made.