DOJ to End ‘Regulation by Prosecution’ of Cryptocurrency Activities
The U.S. Justice Department will reportedly limit its cryptocurrency enforcement efforts to the use of digital assets in crimes related to things like terrorism, drug cartels and fraud.
Deputy Attorney General Todd Blanche said in a Monday (April 7) memo that this change is meant to leave crypto-related activities to regulators, marking a change from the Biden administration’s use of the Justice Department to pursue “regulation by prosecution,” Bloomberg reported Tuesday (April 8), citing the memo it had seen.
The Justice Department did not immediately reply to PYMNTS’ request for comment.
According to the Bloomberg report, the memo also said that the Justice Department has disbanded its National Cryptocurrency…
