Trump's DOJ Disbands Crypto Crime Team, Slams Biden-Era Strategy as Poorly Executed

Benzinga

The Justice Department is shutting down its National Cryptocurrency Enforcement Team and halting crypto-related cases involving banking or securities laws, according to a memo reviewed by the Associated Press. Deputy Attorney General Todd Blanche wrote that the DOJ is not a regulator of digital assets and criticized the Biden administration’s “regulation by prosecution” approach as reckless. The move aligns with Trump’s priorities to shift focus toward crimes like illegal immigration and drug trafficking.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02The Justice Department is shutting down its national cryptocurrency enforcement team

00:07and halting crypto-related cases involving banking or securities laws,

00:11according to a memo reviewed by the Associated Press.

00:14W. Attorney General Todd Blanche wrote that the DOJ is not a regular of digital assets

00:19and criticized the Biden administration's regulation by prosecution approach as reckless.

00:24The move aligns with Trump's priorities to shift focus towards crimes like illegal immigration

00:29and drug trafficking.

00:30For all things money, visit Benzinga.com slash GSTV.

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