{"id":25596,"date":"2025-04-08T19:30:10","date_gmt":"2025-04-08T19:30:10","guid":{"rendered":"http:\/\/medexperts.pro\/?p=25596"},"modified":"2025-04-08T20:25:13","modified_gmt":"2025-04-08T20:25:13","slug":"justice-dept-disbands-cryptocurrency-enforcement-unit","status":"publish","type":"post","link":"https:\/\/medexperts.pro\/?p=25596","title":{"rendered":"Justice Dept. Disbands Cryptocurrency Enforcement Unit"},"content":{"rendered":"
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The Trump administration is dialing back its enforcement of cryptocurrency, and criticizing Biden-era prosecutions.<\/p>\n

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The Trump administration is disbanding a unit in the Justice Department that was responsible for investigating cryptocurrency crimes, criticizing the Biden administration as too aggressive against the fast-growing industry.<\/p>\n

In a memo issued late Monday, Todd Blanche, the deputy attorney general, denounced his predecessors for investigating cryptocurrency operators in a manner he called \u201cill conceived and poorly executed.\u201d He instead instructed the department to narrow the focus of cryptocurrency investigations to crimes like fraud, drug trafficking and terrorism.<\/p>\n

The directive is in keeping with President Trump\u2019s broad embrace of the crypto industry during his campaign and in office as he moves to relax enforcement.<\/p>\n

The Trump family has expanded its business interests in the industry, including by establishing a crypto venture, World Liberty Financial<\/a>. Shortly before taking office, Mr. Trump issued his own memecoin<\/a>. And Trump Media & Technology Group, the social media company he is the majority shareholder in, has said it plans to introduce a number of digital asset investment products this year.<\/p>\n<\/div>\n<\/div>\n

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The Justice Department directive follows similar moves at the Securities and Exchange Commission, which has dismissed lawsuits and pending investigations involving matters in which crypto firms had not registered as exchanges. A number of S.E.C. lawyers on those cases have left the regulatory agency.<\/p>\n

The S.E.C. has also drastically cut staffing of a crypto enforcement unit. As a matter of policy, the S.E.C. has said it is not going to seek to regulate memecoins because the novelty digital assets are not securities.<\/p>\n

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The Trump administration is dialing back its enforcement of cryptocurrency, and criticizing Biden-era prosecutions.The Trump administration is disbanding a unit in the Justice Department that was responsible for investigating cryptocurrency crimes, criticizing the Biden administration as too aggressive against the fast-growing industry.In a memo issued late Monday, Todd Blanche, the deputy attorney general, denounced his predecessors for investigating cryptocurrency operators in a manner he called \u201cill conceived and poorly executed.\u201d He instead instructed the department to narrow the focus of cryptocurrency investigations to crimes like fraud, drug trafficking and terrorism.The directive is in keeping with President Trump\u2019s broad embrace of the crypto industry during his campaign and in office as he moves to relax enforcement.The Trump family has expanded its business interests in the industry, including by establishing a crypto venture, World Liberty Financial. Shortly before taking office, Mr. Trump issued his own memecoin. And Trump Media & Technology Group, the social media company he is the majority shareholder in, has said it plans to introduce a number of digital asset investment products this year.The Justice Department directive follows similar moves at the Securities and Exchange Commission, which has dismissed lawsuits and pending investigations involving matters in which crypto firms had not registered as exchanges. A number of S.E.C. lawyers on those cases have left the regulatory agency.The S.E.C. has also drastically cut staffing of a crypto enforcement unit. As a matter of policy, the S.E.C. has said it is not going to seek to regulate memecoins because the novelty digital assets are not securities.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and\u00a0log into\u00a0your Times account, or\u00a0subscribe\u00a0for all of The Times.Thank you for your patience while we verify access.Already a subscriber?\u00a0Log in.Want all of The Times?\u00a0Subscribe.<\/p>\n","protected":false},"author":1,"featured_media":25598,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-25596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/25596","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25596"}],"version-history":[{"count":2,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/25596\/revisions"}],"predecessor-version":[{"id":25599,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/25596\/revisions\/25599"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/media\/25598"}],"wp:attachment":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}