DOJ crypto unit shuttered as Trump backs industry-friendly reforms
In a significant shift in federal crypto oversight, the Department of Justice has disbanded its National Cryptocurrency Enforcement Team (NCET), according to a leaked memo reportedly signed by Deputy Attorney General Todd Blanche.
Established in 2021 during the Biden administration, the NCET was designed to crack down on crypto-related crimes, focusing on platforms that enabled money laundering and illicit financial activity. Its termination marks a sharp departure from the Justice Department’s previous approach and aligns with President Donald Trump’s broader push to embrace digital asset innovation, according to Cointelegraph.
Crypto policy realigned under new executive order
The memo, described in an April 8 report by Fortune, characterizes the NCET’s mission as a product of “regulation by prosecution,” a strategy the current administration now rejects. “The Department of Justice is not a digital assets regulator,” Blanche reportedly wrote, signaling a return to a narrower interpretation of the DOJ’s role in crypto enforcement.
The move comes on the heels of an executive order signed by President Trump in late January, which aims to streamline federal oversight and promote industry growth.
Trump, who has publicly endorsed cryptocurrency initiatives and promised to make the United States a global crypto leader, has also supported the development of a strategic Bitcoin reserve and the appointment of a pro-crypto SEC chairman.
However, critics warn of potential conflicts of interest. Trump and his family are linked to several crypto ventures, including the World Liberty Financial protocol and the controversial TRUMP memecoin.
These associations have sparked bipartisan scrutiny, particularly over the WLFI-issued USD1 stablecoin, which some lawmakers fear could undermine U.S. monetary policy.
Despite the backlash, the Trump administration appears committed to a less punitive, more innovation-friendly crypto landscape.
Meanwhile, Senator Ted Cruz is championing Texas as a global hub for Bitcoin innovation in the U.S., aligning the state’s resources with the growing digital asset industry. With three Bitcoin mining facilities in West Texas, Cruz is merging advocacy with action.
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
