US Department of Justice Disbands National Cryptocurrency Enforcement Team
The U.S. Department of Justice (DOJ) has disbanded the National Cryptocurrency Enforcement Team (NCET), a unit focused on high-profile crypto cases, including mixers and hackers. This decision aligns with the Trump administration's efforts to reduce regulatory oversight and promote the U.S. as a leader in the crypto sector.
- The NCET was established in 2021 under President Biden.
- Notable cases included Tornado Cash and the prosecution of Avraham Eisenberg.
- Deputy Attorney General Todd Blanche stated the DOJ is “not a digital assets regulator.”
- Focus will shift to targeting individuals defrauding crypto investors, excluding exchanges and services from criminal pursuit.
- Trump aims to position the U.S. as the "Bitcoin superpower" with recent initiatives, including signing an executive order for a strategic Bitcoin reserve.
- Despite the NCET's closure, enforcement actions continue; recently, the DOJ seized $201,400 in crypto linked to Hamas financing.