Justice Dept. says it will pull back on litigating cryptocurrency fraud [View all]
Source: Washington Post
The Justice Department has directed prosecutors to stop pursuing litigation against people committing fraud with digital currency, the latest example of the Trump administration easing up on white-collar crime enforcement.
In a memo sent to the Justice Department on Monday night, Deputy Attorney General Todd Blanche said the department will no longer participate in regulation in the digital asset space and will instead focus on crimes that people commit with cryptocurrency, such as dealing narcotics and human trafficking.
Blanche described the Biden administration’s cryptocurrency-related enforcement “as a reckless strategy of regulation by prosecution, which was ill-conceived and poorly executed.”
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The memo said the National Cryptocurrency Enforcement Team would be disbanded effective immediately.
Read more: https://www.washingtonpost.com/national-security/2025/04/08/trump-crypto-fraud-doj-enforcement/
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