SafeMoon CEO Braden Karony is making another attempt to have the fraud allegations against him dismissed, this time referencing a significant policy change from the U.S. Department of Justice (DOJ). In a recent court filing, Karony’s attorney argues that the DOJ’s decision to dissolve its crypto enforcement unit weakens the government’s ability to pursue charges related to digital assets. This filing is part of Karony’s ongoing efforts to evade prosecution in a notable case surrounding the alleged misappropriation of $200 million in investor funds.
### Legal Argument and Case Background
In correspondence addressed to Judge Eric Komitee, Karony’s legal representative cited a directive from Deputy Attorney General Todd Blanche, which effectively disbanded the DOJ’s crypto enforcement unit. The memo, issued on April 7, clarified that the DOJ is not a regulator of digital assets and will no longer file charges that depend on classifying crypto tokens as either securities or commodities. Karony’s defense contends that this policy shift undermines much of the government’s case, particularly those aspects that relate to securities violations. Last November, the DOJ and SEC charged Karony along with other SafeMoon executives with wire fraud, securities fraud, and money laundering, alleging that they diverted $200 million from investors. Karony has stated that he is not contesting whether SafeMoon’s token qualifies as a security, which aligns with the DOJ’s new stance. This is not the first time Karony has sought to dismiss the case; he previously requested a delay based on former President Trump’s favorable views towards crypto. Currently, with co-defendant Thomas Smith having pleaded guilty and Kyle Nagy still unaccounted for, Karony remains the primary focus of the trial that commenced before SafeMoon’s bankruptcy in late 2023.
### SFM Price Prediction for April 10, 2025
An analysis of the SFM/USDT one-hour chart shows a bullish trend as the price approaches resistance around 0.00003589 USDT. A well-defined ascending trendline supports the recent upward movement, indicating strong buying interest. Following a sharp decline, SafeMoon had previously rebounded from the support level of 0.00002700–0.00002600, establishing a robust foundation for the current rally. The Relative Strength Index (RSI) is currently at 63, suggesting a positive market sentiment without yet reaching overbought territory, which leaves potential for further gains. Additionally, the Moving Average Convergence Divergence (MACD) indicates ongoing bullish momentum, highlighted by a golden cross that formed on April 8, as well as histogram bars turning green.
This shift in market momentum aligns with the prevailing upward trend. Should the price successfully breach the current resistance zone, it could trigger a more significant breakout. Conversely, if the price faces rejection at this level, a retest of the trendline or the 0.00003300 support could occur. Overall, SafeMoon is exhibiting a strong short-term upward trend, but traders should remain vigilant for either a confirmation of breakout or signs of bearish divergence in momentum before making any trading decisions.
### Legal Uncertainty Meets Market Optimism
Despite facing serious legal challenges, SafeMoon’s recent market behavior reflects a cautious optimism among traders. The disbanding of the DOJ’s crypto unit and Karony’s push for case dismissal have led some to believe there may be a reduction in regulatory scrutiny. Nonetheless, the allegations involving $200 million in fraud continue to cast a shadow. While the technical indicators for SFM suggest potential short-term gains, the overall sentiment for the long term will largely depend on the outcomes of the ongoing legal proceedings. Until further clarity is achieved, SafeMoon remains a speculative asset caught in a delicate balance between legal risks and potential breakout opportunities, maintaining its position in the spotlight of the crypto news landscape.
