DOJ scales back efforts to fight cryptocurrency fraud
The Department of Justice is planning to scale back its legal fight against cryptocurrency fraud, according to an April 7 memo.
Straight Arrow News
WASHINGTON – Congressional Democrats are increasingly concerned about President Donald Trump‘s personal connections to the cryptocurrency industry, and that’s throwing a wrench in bipartisan efforts to regulate the digital currency.
Two of the cryptocurrency investments owned by Trump-affiliated entities have made at least $300 million in trading fees alone on sales of his meme coin and other digital currency since January.
In late April, a company affiliated with Trump promoted the $TRUMP meme coin by offering an “intimate private…
