US DOJ Scraps Crypto Unit as Trump Loosens Digital Oversight
In a surprise move that’s shaking up the crypto world, the Department of Justice (DOJ) U.S. has quietly disbanded its National Cryptocurrency Enforcement Team (NCET) — the unit that once led the government’s biggest digital asset crackdowns.
The announcement came via a four-page internal memo sent late Monday by Deputy Attorney General Todd Blanche, who also served as Donald Trump’s defense attorney during his 2024 criminal trial.
“The Department of Justice is not a digital assets regulator,” Blanche wrote, criticizing what he called the previous administration’s “reckless strategy of regulation by prosecution.”
The disbandment, he said, is part of the DOJ’s effort to comply with a January executive order from…
