U.S. Government disbands Crypto Enforcement Unit
The Department of Justice announced Monday night that it has dissolved its enforcement team dedicated to crypto and will no longer pursue criminal cases in several crypto-related cases.
The DOJ’s National Cryptocurrency Enforcement Team (NCET) has been dissolved with immediate effect, per the memo that Deputy Attorney General Todd Blanche sent to agency employees last night.
Furthermore, unless the offenses involve crimes like embezzlement, scams, rug pulls, or hacks, the DOJ will no longer bring criminal charges against cryptocurrency…