Trump’s DoJ Disbands Crypto Unit « Euro Weekly News
The Justice Department (DoJ) began dismantling the unit investigating crypto-related fraud, saying it is not its job to regulate the industry.
The crypto community celebrated the news as the digital asset market rebounded 7% after weeks of steep price drops.
Disbanding the DoJ’s crypto enforcement unit was one of many promises U.S. President Donald Trump made during his election campaign to ease oversight of the digital asset sector.
“The Department of Justice is not a digital assets regulator,” said Deputy Attorney General Todd Blanche in a four-page memo he sent to prosecutors this week. “The National Cryptocurrency…
