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The DOJ has shut down its National Cryptocurrency Enforcement Team, signaling a regulatory pivot under the Trump administration to focus on severe crimes instead of broader crypto enforcement.
What’s the Scoop?
- Enforcement Team Closure: The National Cryptocurrency Enforcement Team, launched in 2022, has been shut down by the DOJ under the Trump administration.
- New Focus Areas: U.S. attorney's offices will now handle crypto-related cases, prioritizing crimes involving terrorism, human trafficking, and organized crime.
- Policy Shift: Actions solely enforcing unlicensed money transmission or securities violations are deprioritized unless intent to violate is proven.
- Regulatory Rollbacks: This closure is part of the Trump administration's broader deregulatory push, scaling back oversight from the previous administration.
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