WASHINGTON: The US Justice Division is disbanding its Nationwide Cryptocurrency Enforcement Crew and ordering prosecutors to focus as an alternative on legal investigations involving cartels and terrorist teams that use digital forex to finance illicit enterprise, in line with a memo seen by Reuters.
The memo from Deputy Lawyer Common Todd Blanche, despatched out to workers late on Monday (Apr 7) night time, faulted Democratic President Joe Biden’s administration for beforehand pursuing a “reckless technique of regulation by prosecution” of the digital asset sector.
Going ahead, Blanche mentioned, the division will as an alternative prioritise investigations into “people who victimise digital asset buyers, or those that use digital property in furtherance of legal offenses reminiscent of terrorism, narcotics and human trafficking, organised crime, hacking, and cartel and gang financing”.
A Justice Division spokesperson couldn’t be instantly reached for remark.
