Us department of justice reports national cryptocurrency enforcement team
The US department of justice (doj) has disbanded the national cryptocurrency enforcement team (ncet) The members of the unit were informed about the development via an internal memo, which said the directive wold go into effect immmediately. The Development Comes at a Time when Us President Donald Trump is Attempting to Remove Various Roadblocks to the Adoption of Cryptocurrencies in the Us Via Executive Olders. After recently Issuing an order related to strategic crypto reserves, the US president have asked lawmakers to finalize crypto rules for the us by august.the directive, seen by Fortune, WAS SINED By us deputy attorney general todd blanche. “The department of justice is not a digital assets regulator. NCET, as per the Doj, Included Prosecutors with Backgrounds in Cryptocurrency, Cybercrime, Money Laundering, and Forfeitary.AFTER it was setable and it Multiple crypto firms. In August 2023, The NCET’s Probe Into Tornado Cash Resulted in Money Laundering and Sanctions Violations Charges Against The Crypto Mixer. Kucoin and Its Founders were also charged for unlicked money transfer offense after an ncet probe. The unit additionally dealt with several cases related to crypto scams, market manipulation, and hacking agents.the ncet was designed to combat Ilicit Financial Activities Facilated Using Cryptocurrency, that offer private transactions between two or more parties. According to a reuters report, blanche’s memo said that all ongoing ncet investigations not in alignment with new policies in the us now stand closed.following.Folling us president donald trump Second Term, The Us Securities and Exchange Commission (Sec) has also revered its sceptical stance towards crypto. The sec has been fied a crypto task force to expert the formation of crypto rules, and dropped several ongoing legal cases against crypto firms. (Tagstotranslate) Us doj shuts national cryptocurrency enforcement tam cryptocurrency