US Department of Justice Dissolves Its Crypto Enforcement Team NCET

• The National Cryptocurrency Enforcement Team (NCET) is no more
• NCET was created in 2021 and focused on crimes such as money laundering and cyberattacks
• Deputy Attorney General Todd Blanche ordered DOJ staff to focus on prosecuting those who defraud digital asset investors

The US Department of Justice (DOJ) has announced the dissolution of its National Cryptocurrency Enforcement Team (NCET), a specialized unit created to investigate and prosecute digital asset crimes. 

This decision matches with the Trump administration’s broader initiative to streamline federal operations and reduce regulatory oversight in the financial sector.

NCET’s Formation and Notable Past Cases

Formed to address the rising challenges posed by the misuse of cryptocurrencies, the NCET focused on crimes such as money laundering and cyberattacks. It was created in 2021 under Joe Biden’s administration and it was part of the DOJ’s strategy to adapt to the evolving digital financial landscape and implement effective enforcement mechanisms.

Deputy Attorney General Todd Blanche, who was previously Trump’s defense lawyer, ordered DOJ staff to focus on prosecuting those who defraud dig…

The post US Department of Justice Dissolves Its Crypto Enforcement Team NCET appeared first on Coin Edition.