US EditionTrump’s justice department to scale back enforcement of crypto cases
- The Justice Department is scaling back its legal fight against cryptocurrency fraud by dissolving the NCET.
- President Trump's administration directed this action to ease regulation on cryptocurrency companies, fulfilling a campaign promise.
- Established in 2021, the NCET focused on cybercrime, money laundering, and North Korean crypto activities.
- Critics accuse Trump of hypocrisy, with one analyst stating he is running a 'crypto scam'.
- Deputy Attorney General Todd Blanche argued the DOJ should not act as a digital asset regulator.
11 Articles
11 Articles
DOJ scales back efforts to fight cryptocurrency fraud
The Department of Justice will reduce its focus on regulating cryptocurrency. It will now shift efforts to crimes involving crypto, such as drug trafficking and human trafficking. Deputy Attorney General Todd Blanche announced the dismantling of the National Cryptocurrency Enforcement Team, which was created in 2022 to address criminal misuse of digital assets. This change follows President Trump's executive order on digital currency regulations…
DOJ shakes up crypto enforcement policies, citing Trump executive order: CNBC Crypto World
On today's episode of CNBC Crypto World, ether falls along with the broader market as stock indexes gave up much of their early gains amid a multi-day plunge spurred by President Trump's tariff announcement. And, the DOJ issues a memo directing prosecutors to narrow down crypto investigations to crimes involving investor fraud, terrorism, human trafficking, cartel operations and cybercrime. Also, Todd Ruoff of Autonomys weighs in on whether bitc…
Trump Tells Justice Department to Just Let Crypto Fraud Slide
The Trump administration's Justice Department has been directed to disband a team of prosecutors who'd been investigating cryptocurrency crimes. In a memo, deputy attorney general Todd Blanche argued that the "Department of Justice is not a digital assets regulator," accusing Trump's predecessor Joe Biden of using the department to "pursue a reckless strategy of regulation by prosecution, which was ill conceived and poorly executed." Specificall…
The U.S. Department of Justice clarified that recent changes in its law enforcement policies with respect to cryptocurrencies do not apply to the case of Do Kwon, who will have to follow its due process as it has already been. *** The DOJ will stop pursuing platforms and wallets for actions by its users. Kwon’s defense considers using the memorandum in pre-trial motions. However, the DOJ made clear that these changes should not apply in the case…
The cryptocurrency industry no longer has to fear prosecution of US federal justice. Ongoing charges are dropped.
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