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US Justice Dept disbands cryptocurrency enforcement unit

  • The Justice Department has announced it will disband its National Cryptocurrency Enforcement Team, focusing instead on prosecuting crimes that misuse cryptocurrency, according to Deputy Attorney General Todd Blanche.
  • President Trump pardoned figures in the cryptocurrency industry, impacting legal oversight and enabling exchanges like BitMEX to operate with less accountability.
  • The cryptocurrency market reacted positively to the disbandment of the enforcement team, rebounding by 7% after weeks of declines, according to various news outlets.
  • The Justice Department will still prosecute fraudulent activities within the cryptocurrency sector, despite skepticism regarding its commitment, as stated by Attorney General officials.
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The New Republic broke the news in on Tuesday, April 8, 2025.
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