SafeMoon CEO Says DOJ Can’t Touch Crypto — SFM Explodes Toward $0.000035!

SafeMoon CEO Braden Karony is once again pushing to have the fraud case against him dismissed, this time citing a major policy shift from the U.S. Department of Justice. In a new letter to the court, Karony’s lawyer argues the DOJ’s move to shut down its crypto unit undermines the government’s authority to pursue digital asset-related charges. The filing adds to a series of attempts by SafeMoon CEO Karony to avoid prosecution in a high-profile case involving alleged misappropriation of $200 million in investor funds.

Legal Argument and Case Background 

In the letter to Judge Eric Komitee, SafeMoon CEO Karony’s attorney referenced a directive from Deputy Attorney General Todd Blanche, which disbanded the DOJ’s crypto enforcement unit. The April 7 memo made clear the DOJ “is not a digital assets regulator” and would no longer pursue charges that hinge on defining crypto tokens as securities or commodities. Karony’s legal team argues this shift invalidates much of the government’s case, particularly those rooted in securities violations. The DOJ and SEC charged Karony and fellow SafeMoon executives last November with wire fraud, securities fraud, and money laundering.

The government claims the trio syphoned off $200 million in investor funds. Karony maintains he has no interest in contesting whether SafeMoon’s token is a security, a key carve-out in the DOJ’s new policy. This is not Karony’s first motion to dismiss. Earlier, he requested a delay based on former President Trump’s pro-crypto stance. With co-defendant Thomas Smith pleading guilty and Kyle Nagy still at large, SafeMoon CEO Karony remains the focus of the trial set in motion before SafeMoon’s bankruptcy in late 2023. Let’s take a look at the SFM price prediction to see how SFM reacted to this crypto news.

SFM Price Prediction for April 10, 2025

The 1-hour chart of SFM/USDT displays a bullish structure as the price pushes toward resistance near 0.00003589 USDT. A clear ascending trendline supports recent upward momentum, reflecting buyer strength. SafeMoon previously rebounded from the 0.00002700–0.00002600 support zone after a sharp dip, forming a solid base for this current rally. The RSI is at 63, indicating bullish sentiment without yet entering the overbought zone, which leaves room for potential upside. Meanwhile, the MACD shows continued bullish momentum, with a golden cross forming on April 8 and histogram bars flipping green. 

Chart 1: Analysed by vallijat007, published on TradingView, April 10, 2025

This momentum shift aligns with the ongoing uptrend. If price successfully breaks above the current resistance zone, the next leg could trigger a stronger breakout. However, rejection at this level might lead to a retest of the trendline or even the 0.00003300 support. Overall, SafeMoon appears to be in a strong short-term uptrend, but traders should watch for either a breakout confirmation or bearish divergence in momentum before entering positions.

Legal Uncertainty Meets Market Optimism

Despite serious legal headwinds, SafeMoon’s recent price action reflects cautious optimism from traders. With the DOJ’s crypto unit disbanded and SafeMoon CEO Karony pushing for dismissal, some see a path to reduced regulatory pressure. Still, the $200 million fraud allegations loom large. While SFM’s technicals hint at short-term upside, long-term sentiment hinges on courtroom outcomes. Until there’s clarity, SafeMoon remains a speculative asset caught between legal risk and breakout potential, both in the charts and in the courtroom, firmly in the spotlight of crypto news.