DOJ to disband its cryptocurrency enforcement unit

The US Department of Justice has disbanded its unit focused on prosecuting cryptocurrency scams. Deputy Attorney General Todd Blanche announced the end of the National Cryptocurrency Enforcement Team in a memo sent on Monday, Reuters reported . When the NCET launched , its focus was prosecuting cryptocurrency used in money laundering, fraud and theft. In recent years, the Department of Justice secured several high-profile wins in cases involving Binance , Tornado Cash and Bitfinex . However, the dissolution of NCET marks the latest government move to implement the current administration's crypto-friendly attitude. Shortly after taking office, President Donald Trump signed an executive order aimed at encouraging the creation of blockchain networks. Blanche cited this as his rationale, and ordered the department's cryptocurrency efforts to focus on "individuals who victimize digital asset investors, or those who use digital assets in furtherance of criminal offenses such as terrorism, ... Read full article.