The U.S. Department of Justice (DOJ) has announced that it will no longer pursue criminal cases against crypto exchanges, developers, or users involved in regulatory violations.
This follows the disbanding of the National Cryptocurrency Enforcement Team (NCET), a specialized unit that focused on crypto-related criminal activities.
A Shift In Focus
In a memo sent to DOJ staff on Monday night, Deputy Attorney General Todd Blanche confirmed that the directive was effective immediately. The document was later shared via a Tuesday X post by Amanda Tuminelli, executive director of the DeFi Education Fund, a crypto lobbying group.
Blanche highlighted that the agency would no longer use its resources to control digital assets through criminal prosecution. “The Department of Justice is not a digital assets regulator,” he stated, adding that the previous administration’s “reckless strategy of regulation by prosecution” was ill-conceived and poorly executed.
The memo also explained that
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