Trump administration reportedly shutters DOJ’s crypto enforcement team

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The story "Trump administration reportedly shutters DOJ’s crypto enforcement team" was covered 1 weeks ago by Coin Telegraph, a news publisher based in United States.

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Coin Telegraph 1w ago

Trump administration reportedly shutters DOJ’s crypto enforcement team - Coin Telegraph

Quick Summary:

At the time, Deputy Attorney General Lisa Monaco said that the unit was aimed at going after platforms “that help criminals launder or hide their criminal proceeds.” She said:“We want to strengthen our capacity to dismantle the financial ecosystem that enables these criminal actors to flourish and — quite frankly — to profit from what they’re doing.”The NCET has been active since February 2022, and at the time of publication, its website remains online.

However, the prior Administration used the Justice Department to pursue a reckless strategy of regulation by prosecution.”Blanche is the second-highest-ranking official in the DOJ and served as US President Donald Trump’s defense attorney in high-profile cases, including the New York hush money case and federal cases related to classified documents and the 2020 election.

Source: US Department of Justice websiteRelated: US federal agencies to report crypto holdings to Treasury by April 7Trump makes waves in US crypto policyBefore returning to office, Trump campaigned on a pro-crypto policy.