Source: https://cointelegraph.com/news/safemoon-ceo-cites-doj-nixed-crypto-unit-dismiss-suit?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Braden John Karony, the CEO of SafeMoon, a prominent cryptocurrency firm, is seeking to have the case against him and his company dismissed by referencing a recent directive from the US Department of Justice (DOJ). In a letter addressed to New York federal court judge Eric Komitee on April 9, Karony's attorney, Nicholas Smith, pointed to an April 7 memo from US Deputy Attorney General Todd Blanche that announced the disbandment of the DOJ's crypto unit.

The memo stated that the DOJ would no longer pursue litigation or enforcement actions that impose regulatory frameworks on digital assets. Blanche emphasized that the DOJ is not a digital assets regulator and advised prosecutors not to charge violations of securities and commodities laws when determining whether a digital