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.”
Specifically, the memo calls for the National Cryptocurrency Enforcement Unit (NCET) to be disbanded “effective immediately” to comply with Trump’s January executive order related to digital assets.
The task force was established in 2021, and was made up of prosecutors and attorneys specializing in money…
