Breaking: US DoJ Is Reportedly Scrapping Its Crypto Unit
Coinspeaker
Breaking: US DoJ Is Reportedly Scrapping Its Crypto Unit
In a major shake-up for the United States crypto enforcement policy, the Department of Justice (DOJ) has officially disbanded the National Cryptocurrency Enforcement Team (NCET).
The NCET was a specialized unit that once spearheaded high-profile cases against crypto mixers, hackers, and foreign cybercriminals.
Notably, the decision comes under a broader pivot by the Donald Trump administration to scale back regulatory oversight and position the US as a global crypto leader.
JUST IN: đşđ¸ The U.S. Department of Justice scraps crypto unit as President Trump further loosens oversight of digital assets: Fortune. pic.twitter.com/l4skUXkn6A
â Whale Insider (@WhaleInsider) April 8, 2025
From Crackdowns to Clarity
In a four-page memo obtained by Fortune, Deputy Attorney General Todd Blanche, who also served as Donald Trumpâs defense attorney during his 2024 criminal trial, announced that the DOJ is ânot a digital assets regulatorâ.
Blanche framed the NCETâs dissolution as part of an effort to comply with Trumpâs January executive order on digital assets, which emphasized the need to âestablish regulatory clarityâ.
Formed in 2021 under President Joe Biden, the NCET was tasked with tackling the DOJâs most complex crypto-related investigations.
Its portfolio included landmark cases such as Tornado Cash, a crypto mixer accused of laundering funds tied to illicit actors, and the prosecution of Avraham Eisenberg, who exploited a crypto protocol for over $100 million.
The NCET also played an important role in identifying North Korean actors involved in laundering stolen digital assets.
The DOJ prosecutors have been instructed to focus on targeting individuals who defraud crypto asset investors, leaving exchanges, mixers, and wallet services outside the scope of criminal pursuit for now.
The Trump Doctrine: Pro-Crypto by Design
The NCETâs closure aligns with a larger push from the Trump administration to embrace the digital asset industry.
In recent months, Trump has actively courted crypto executives, signed a March executive order to create a strategic Bitcoin reserve, and declared his intent to make America the âBitcoin superpower of the worldâ.
This pivot toward deregulation comes despite ongoing legal actions, including the recent penalty imposed on OKX, a crypto platform operated by Aux Cayes Fintech Co.
While the DOJ may be dialing back its focus on institutions, enforcement hasnât come to a halt. On March 27, the agency announced the seizure of $201,400 in cryptocurrency allegedly linked to Hamas, a US-designated terrorist organization.
The crypto funds were traced to addresses involved in laundering over $1.5 million through OTC brokers and virtual exchanges since October 2024.
Read More
Breaking: US DoJ Is Reportedly Scrapping Its Crypto Unit
Coinspeaker
Breaking: US DoJ Is Reportedly Scrapping Its Crypto Unit
In a major shake-up for the United States crypto enforcement policy, the Department of Justice (DOJ) has officially disbanded the National Cryptocurrency Enforcement Team (NCET).
The NCET was a specialized unit that once spearheaded high-profile cases against crypto mixers, hackers, and foreign cybercriminals.
Notably, the decision comes under a broader pivot by the Donald Trump administration to scale back regulatory oversight and position the US as a global crypto leader.
JUST IN: đşđ¸ The U.S. Department of Justice scraps crypto unit as President Trump further loosens oversight of digital assets: Fortune. pic.twitter.com/l4skUXkn6A
â Whale Insider (@WhaleInsider) April 8, 2025
From Crackdowns to Clarity
In a four-page memo obtained by Fortune, Deputy Attorney General Todd Blanche, who also served as Donald Trumpâs defense attorney during his 2024 criminal trial, announced that the DOJ is ânot a digital assets regulatorâ.
Blanche framed the NCETâs dissolution as part of an effort to comply with Trumpâs January executive order on digital assets, which emphasized the need to âestablish regulatory clarityâ.
Formed in 2021 under President Joe Biden, the NCET was tasked with tackling the DOJâs most complex crypto-related investigations.
Its portfolio included landmark cases such as Tornado Cash, a crypto mixer accused of laundering funds tied to illicit actors, and the prosecution of Avraham Eisenberg, who exploited a crypto protocol for over $100 million.
The NCET also played an important role in identifying North Korean actors involved in laundering stolen digital assets.
The DOJ prosecutors have been instructed to focus on targeting individuals who defraud crypto asset investors, leaving exchanges, mixers, and wallet services outside the scope of criminal pursuit for now.
The Trump Doctrine: Pro-Crypto by Design
The NCETâs closure aligns with a larger push from the Trump administration to embrace the digital asset industry.
In recent months, Trump has actively courted crypto executives, signed a March executive order to create a strategic Bitcoin reserve, and declared his intent to make America the âBitcoin superpower of the worldâ.
This pivot toward deregulation comes despite ongoing legal actions, including the recent penalty imposed on OKX, a crypto platform operated by Aux Cayes Fintech Co.
While the DOJ may be dialing back its focus on institutions, enforcement hasnât come to a halt. On March 27, the agency announced the seizure of $201,400 in cryptocurrency allegedly linked to Hamas, a US-designated terrorist organization.
The crypto funds were traced to addresses involved in laundering over $1.5 million through OTC brokers and virtual exchanges since October 2024.
Read More