{"id":21293,"date":"2025-04-09T12:31:38","date_gmt":"2025-04-09T12:31:38","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21293"},"modified":"2025-04-09T12:31:38","modified_gmt":"2025-04-09T12:31:38","slug":"us-doj-disbands-crypto-enforcement-unit-amid-trump-administrations-regulatory-shift-report","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21293","title":{"rendered":"US DOJ Disbands Crypto Enforcement Unit Amid Trump Administration\u2019s Regulatory Shift \u2013 Report"},"content":{"rendered":"
\n

The US Department of Justice (DOJ) is reportedly disbanding the National Cryptocurrency Enforcement Unit (NCET) to comply with President Donald Trump\u2019s regulatory shift towards digital assets.<\/p>\n

DOJ Disbands Crypto Enforcement Unit<\/h2>\n

On Monday evening, the DOJ notified its staff that the NCET, the unit dedicated to crypto investigations, would be disbanded \u201ceffective immediately,\u201d a Fortune report<\/a> claims. The news media outlet reviewed a four-page memo announcing the decision and criticizing the previous administration\u2019s crackdown on the industry.<\/p>\n

US Deputy Attorney General Todd Blanche wrote, \u201cThe Department of Justice is not a digital assets regulator. However, the prior Administration used the Justice Department to pursue a reckless strategy of regulation by prosecution.\u201d<\/p>\n

Blanche, the second-ranking official in the DOJ, explained that the crypto enforcement unit\u2019s disbandment was part of the agency\u2019s actions to \u201ccomply with Trump\u2019s January executive order on digital assets,\u201d aiming to establish regulatory clarity for the crypto sector.<\/p>\n

Moreover, the Deputy Attorney General told the DOJ employees in the memo to focus on \u201cprosecuting individuals who victimize digital asset investors\u201d instead of crypto exchanges, mixers, and \u201coffline wallets,\u201d the report states.<\/p>\n

The NCET was a joint task force established in October 2021 under the Biden administration and has been active since February 2022. It was formed with prosecutors from the agency\u2019s money laundering and cybercrime units and attorneys from other district offices.<\/p>\n

The enforcement unit worked on some of the most prominent crypto-related cases, including the Avraham Eisenberg lawsuit and Tornado Cash, which was recently delisted<\/a> from the US Department of the Treasury\u2019s Office of Foreign Assets Control (OFAC)\u2019s\u00a0Specially Designated Nationals (SDN) list.<\/p>\n

The US New Regulatory Era<\/h2>\n

The DOJ move follows the Trump administration\u2019s efforts to develop clear regulatory guidelines to protect investors and develop the industry. The US Securities and Exchange Commission (SEC) has reportedly taken similar actions to end the previous \u201cregulation by enforcement\u201d approach.<\/p>\n

As reported<\/a> by Bitcoinist, the SEC downsized its special unit for crypto enforcement actions in February. Five sources told The New York Times that the Commission\u2019s special unit members were reassigned to other SEC departments.<\/p>\n

The division was created in 2017 during the first Trump administration and comprised lawyers and staff dedicated to bringing industry-related enforcement actions. However, it significantly grew under Gary Gensler\u2019s supervision.<\/p>\n

The SEC\u2019s enforcement unit nearly doubled its size to 50 dedicated positions in May 2022, bringing over 100 crypto-related actions during the Biden administration, allegedly \u201crelated to fraudulent and unregistered crypto asset offerings and platforms.\u201d<\/p>\n

It\u2019s worth noting that the Commission, under acting chair Mark Uyeda, created<\/a> a Crypto Task Force to review the agency\u2019s approach toward digital assets.\u00a0The task force, led by Commissioner Hester Peirce, is taking a \u201cmore enjoyable and less risky\u201d approach than the SEC\u2019s strategy in the last decade.<\/p>\n

As part of these efforts, the regulatory agency is hosting four digital assets-dedicated roundtables in the coming months. Recent reports revealed<\/a> that representatives from major industry players, like Coinbase and Uniswap Labs, will attend the first roundtable, scheduled for April 11.<\/p>\n

\"crypto,<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The US Department of Justice (DOJ) is reportedly disbanding the National Cryptocurrency Enforcement Unit (NCET) to comply with President Donald Trump\u2019s regulatory shift towards digital assets. DOJ Disbands Crypto Enforcement Unit On Monday evening, the DOJ notified its staff that the NCET, the unit dedicated to crypto investigations, would be disbanded \u201ceffective immediately,\u201d a Fortune […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-21293","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21293"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21293\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}