U.S. DOJ disbands the National Cryptocurrency Enforcement Unit: report

The United States Ministry of Justice dissolves the national unity for applying cryptocurrency laws, citing its “reckless strategy” in crypto prosecution in the previous administration.

According to a recent report By Fortune, a four-page memo issued by the US sub-procurer Todd Blanche revealed the decision to dissolve the survey unit linked to the crypto “immediately”. The decision is part of the Asset Administration’s efforts to loosen surveillance on cryptographic industry.

“” The Ministry of Justice is not a regulator of digital assets. However, the previous administration used the Ministry of Justice to continue an imprudent regulatory strategy by prosecution, “said Blanche in the memo.

After the announcement, Blanche also urged Doj Staff members to spend less time pursuing cases against crypto exchanges, mixers and “offline wallets”. Instead, they are invited to focus on “people who victimize digital asset investors”.

The national unit for application of cryptocurrency laws has been established under Joe Biden The presidency as a joint working group made up of prosecutors from the Ministry of Justice money launderingCybercrime units, as well as other district offices.

The national working group of the national unity of the application of cryptocurrency laws supervised some of the largest cases of cryptography in the country. One in particular was the case against the cryptocurrency mixture service Tornado Cashwhich was prosecuted for accusations of money laundering.

The co-founder of Tornado Cash Roman Storm declared On January 26, he faced 45 years’ imprisonment for having exploited a company to transmit money without license, a conspiracy to commit money laundering and sanction the escape. Many figures from the cryptographic industry supported tornado money, considering it as a case that criminalized software developers.

More recently on March 21, the US Treasury raised The sanctions against tornado trees, allowing Americans to access it once again.

The NCET also continued Avraham Eisenberg, a hacker who operated a trading protocol of mango crypto-walled for more than $ 114 million. Last January, the platform officially announcement It was completely stopped operations, giving users a delay to close the positions before they can no longer access the site.

In addition, the joint investigation unit had also carried out surveys that examined the North Korean actors who helped to whiten the stolen funds to cryptographic hacks.