In brief
- DOJ prosecutors are moving forward with the Safemoon case, despite the widely circulated “crypto memo” earlier this month.
- DOJ attorneys say proceeding to trial remains consistent with current policy.
- Safemoon founders are charged with securities fraud, wire fraud, and money laundering.
The Department of Justice told a federal judge it plans to proceed with a securities fraud case against the founders of cryptocurrency Safemoon, despite an agency memo circulated earlier this month instructing federal prosecutors to avoid pursuing cases that would involve determining the securities status of crypto assets.
In a letter sent Friday to the Brooklyn federal judge overseeing the case, DOJ attorneys said they had conducted an…
