The US Is Turning a Blind Eye to Crypto Crimes

Since President Donald Trump took office, US authorities have increasingly abdicated responsibility for policing crypto-related offenses. Attorneys and lawmakers fear the resulting enforcement vacuum could be used to violate rules with impunity. While running for office, Trump repeatedly declared himself a champion of bitcoin, and members of his family have become thoroughly entangled with the crypto industry. Over the past few months, his administration has set about unravelling Biden-era crypto enforcement policies thread-by-thread, defanging the civil enforcement division that previously targeted the crypto industry and pardoning crypto executives who had pleaded guilty under the previous regime. Now, the Department of Justice is retreating from crypto enforcement as well. On Monday evening, in a letter addressed to all DOJ employees, deputy attorney general Todd Blanche announced that the agency would deprioritize certain criminal prosecutions against crypto businesses, including ... Read full article.