Justice Department scraps its crypto enforcement unit as Trump loosens restrictions on industry
The Justice Department plans to dismantle a unit dedicated to enforcing cryptocurrency regulations just as President Donald Trump’s crypto venture raises hundreds of millions after stablecoin launch, according to a memo.
The National Cryptocurrency Enforcement Team “shall be disbanded effective immediately,” an April 7 memo from the office of Deputy Attorney General Todd Blanche states.
“The Justice Department will no longer pursue litigation or enforcement actions that have the effect of superimposing regulatory frameworks on digital assets while President…
