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The US Department of Justice is scaling back cryptocurrency enforcement, the Trump administration’s latest move that is set to benefit an industry the president has championed.

In a memo to justice department employees, deputy US attorney-general Todd Blanche said the DoJ would no longer target crypto exchanges, mixing and tumbling services as well as wallets “for the acts of their end users or unwitting violations of regulations”, following an executive order Donald Trump signed in January.

Days after returning to the White House, Trump revoked measures that sought to address crypto risks, in an effort to…