The Department of Justice recently made a significant shift in its approach to cryptocurrency enforcement. The National Cryptocurrency Enforcement Team, responsible for tackling crypto-related crimes, has been disbanded. This decision marks a 50% reduction in the DOJ’s direct efforts against cryptocurrency offenses. Deputy Attorney General Todd Blanche stated that the DOJ will no longer engage in what he termed “regulation by prosecution.” This change indicates a move away from using legal actions as a means to regulate the crypto industry. The disbandment reflects a broader reassessment of how federal agencies address the rapidly evolving digital currency landscape.
Amanda Tuminelli
@amandatums
·
Apr 8 MAJOR update re DOJ and prosecution of digital assets – “the Department will stop participating in regulation by prosecution in this space.”This memo from the Deputy AG does a few important things, including making it clear the DOJ is NOT going after exchanges and wallets for
Bitcoin News
@BitcoinNewsCom
·
Apr 8 MAJOR DOJ update on digital assets:Devs of tools like mixers or wallets aren’t liable for user crimes. Only criminals are.The DOJ will no longer regulate by prosecution. The new memo states the Department is not a regulator and must close investigations that contradict
Molly White
@molly0xFFF
·
Apr 8 Newsletter: Trump continues to dismantle crypto enforcement while expanding his personal crypto empire.Most recently, Trump has called the DOJ off cryptocurrency enforcement and dismantled the agency’s crypto enforcement team.
589bull
@589bull10000
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Apr 8 Trump’s DOJ just ended the Deep State’s favorite tool—
“regulation by prosecution.”No more shadow attacks.
No more criminalizing innovation.
No more fear for using wallets, mixers, or private protocols.The DOJ now confirms:
•Crypto is protected by Executive Order 14178
Ash Crypto
@Ashcryptoreal
·
Apr 8 BREAKING:US DEPARTMENT OF JUSTICE
SHUTS DOWN CRYPTO ENFORCEMENT
UNIT “EFFECTIVE IMMEDIATELY”
TO COMPLY WITH TRUMP ORDER.THE WAR ON BITCOIN IS OVER
MartyParty
@martypartymusic
·
Apr 8 Breaking: April 7th US #DOJ official statement on crypto law. Developers will not be liable, criminals that use the code will be.Plus they are pulling back on crypto enforcement and scraps its crypto enforcement unit as Trump loosens restrictions on industry:
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