Trump’s justice department to disband unit investigating crypto fraud | Trump administration
The US justice department is disbanding a unit that was dedicated to investigating cryptocurrency-related fraud as Donald Trump’s presidential administration loosens oversight in the digital assets sector.
In a four-page memo sent to justice department employees on Monday evening, the deputy attorney general, Todd Blanche, said that its national cryptocurrency enforcement team (NCET) “shall be disbanded effective immediately”.
The memo from Blanche, who previously represented the president in the 2024 criminal trial that led to Trump’s conviction on 34 felony charges of falsifying business records, said that “the digital assets industry is critical to the nation’s economic development and innovation”.
“The department of…
