US Justice Department Dials Back Crypto ‘Enforcement Approach’
- Deputy Attorney General Todd Blanche released a memo relaying that the US Justice Department will disband its National Cryptocurrency Enforcement Team (NCET).
- Prosecutors are to instead shift their focus towards crypto which is used in terrorism, cartels, or actual crime.
- This marks an end towards regulation by enforcement/prosecution and a friendlier stance towards the crypto industry.
- This move is seen as part of the agency’s compliance with Trump’s executive order on digital assets, whereby regulatory clarity on digital assets was a core aim.
Deputy Attorney General Todd Blanche has reportedly released a four-page memo to staff at the US Department of Justice on Monday night in the United…
