U.S. DOJ disbands crypto unit under Trump executive order

The United States Ministry of Justice reduces its efforts to regulate the cryptocurrency industry and close its national cryptocurrency application team.

Launched in 2022 as part of the Biden administration, NCET was a key player in the pursuit of cryptocurrency offenses, including the Historical Rules of $ 4.3 billion from the Doj against Binance and its CEO Changpeng Zhao.

However, in an April 7 internal memo Sent to the Doj staff and seen by Crypto.News, the deputy prosecutor Todd Blanche said that the team was dissolved and that the in progress in progress which did not meet new criteria would be closed.

The Doj will now reduce its objective of crimes related to the crypto involving terrorism, drug trafficking, trafficking in human beings, organized crime and hacking. The Memo pursuit Cases against crypto exchanges, portfolio providers and mixing services such as Tornado Cash according to user actions or regulatory violations made by mistake.

The DoJ will no longer continue code developers poorly used by others, a victory for industry manufacturers. Blanche criticized the approach of the Biden era of the crypto as “prosecution regulations”, the reckless appellant.

A recent Trump decree which maintains the freedom to access the blockchain networks open without fear of reprisals is cited in the memo. After courting to court the pre -election of the crypto community, Trump now has personal links with the sector through World Liberty Financial, a company in which his family would have owner A 75%income participation.

Blanche, a former Trump’s defense lawyer, confirmed last month as the second commander of the DoJ, also asked prosecutors not to pursue violations of the laws on securities, banking or raw materials unless there is clear evidence of a dignified fault.

Everyone in the cryptocurrency community is not satisfied with the DOJ’s decision. According to criticism, the move of the MJ of the proactive application can lead to an increase in fraud, scams and criminal activities. This raises the question of whether a transfer approach could encourage malicious actors to operate freely.