DOJ will no longer prosecute cryptocurrency fraud

is a policy reporter. Her past work has focused on immigration politics, border surveillance technologies, and the rise of the New Right. The Trump administration is disbanding a Department of Justice unit dedicated to enforcing cryptocurrency fraud, ending what it calls “regulation by prosecution.” In a memo obtained by The Washington Post, deputy attorney general Todd Blanche directed federal prosecutors to cease “litigation or enforcement actions that have the effect of superimposing regulatory frameworks on digital assets.” Prosecutors were told to “no longer target virtual currency exchanges, mixing and tumbling services, and offline wallets for the acts of their end users or unwittingly violations of regulations.” Blanche ordered prosecutors to close ongoing investigations that are “inconsistent” with the new policy. Per Blanche’s memo, which was circulated on Monday, the Justice Department is dropping litigation and enforcement actions “while President Trump’s actual regulato ... Read full article.