The U.S. Department of Justice has dissolved its division focused on prosecuting cryptocurrency scams. Deputy Attorney General Todd Blanche announces the end of the national cryptocurrency law enforcement team in a memo sent on Monday Reuters .
When NCET which focuses on prosecution of cryptocurrencies used for money laundering, fraud and theft. In recent years, the Ministry of Justice has won several high-profile victories in the cases involved. ,,,,, and . However, the dissolution of NCET marks the latest move by the government to implement the current government’s crypto-friendly attitude.
Shortly after taking office, Donald Trump signed an executive order to encourage the creation of blockchain networks. Blanche believes that this is his reasoning and ordered the department’s cryptocurrency efforts to focus on “individuals who victimize digital assets investors, or those who use digital assets to promote terrorism, narcotics and human trafficking, organized crime, hackers, and people who raise cartels and gangs.” Any investigation contrary to that agenda should be “closed”.
The SEC has also been withdrawing its regulation of cryptocurrencies, such as ending law enforcement cases . However, cryptocurrency is still a risky effort, and theft is still rampant and level. In addition, the Trump family has already had a vested interest in encouraging cryptocurrency businesses, claiming that most of the revenue comes from .
