CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

Moralis Money
crypto.news 2025-04-09 03:31:03

U.S. DOJ shuts down crypto enforcement unit, citing Trump-era executive order

The U.S. Department of Justice is scaling back its efforts to regulate the cryptocurrency industry and shutting down its National Cryptocurrency Enforcement Team. Launched in 2022 under the Biden administration, NCET was a key player in prosecuting cryptocurrency-related offenses, including the DOJ’s historic $4.3 billion settlement case against Binance and its CEO Changpeng Zhao. However, in an Apr. 7 internal memo sent to DOJ staff and seen by crypto.news, deputy attorney general Todd Blanche declared that the team was being disbanded and that ongoing investigations that didn’t meet new criteria would be closed. The DOJ will now narrow its focus to crypto-related crimes involving terrorism, narcotics trafficking, human trafficking, organized crime, and hacking. The memo explicitly orders prosecutors to stop pursuing cases against crypto exchanges, wallet providers, and mixing services like Tornado Cash based on users’ actions or for regulatory violations made in error. You might also like: Uniswap, Coinbase, and NYSE execs to join SEC roundtable on crypto trading regulations The DOJ will no longer pursue developers for code that’s misused by others, a win for builders in the industry. Blanche criticized the Biden-era approach to crypto as “regulation by prosecution,” calling it reckless. A recent executive order from Trump that upholds the freedom to access open blockchain networks without fear of retaliation is cited in the memo. After aggressively courting the crypto community pre-election, Trump now has personal connections to the sector through World Liberty Financial, a business in which his family reportedly owns a 75% revenue stake. Blanche, a former Trump defense attorney confirmed last month as the DOJ’s second-in-command, also instructed prosecutors not to pursue violations of securities, banking, or commodities laws unless there’s clear evidence of willful misconduct. Not everyone in the cryptocurrency community is happy about the DOJ’s decision. The DOJ’s move away from proactive enforcement, according to critics, may result in a rise in fraud, scams, and criminal activity. This raises the issue of whether a hand-off approach could encourage malicious actors to operate freely. Read more: SEC says “Covered Stablecoins” not under its jurisdiction

https://www.digistore24.com/redir/325658/ceobig/
Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta