NCET
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DOJ criticized heavily for 'dissolving the crypto task force' – Is it a step back?
Is crypto left open to crime?
A fierce controversy has just erupted in Washington D.C. after the U.S. Department of Justice (DOJ) unexpectedly decided to dissolve the National Crypto Enforcement Team (NCET) – the unit responsible for investigating and prosecuting crimes related to digital assets. Six Democratic Senators, including prominent names like Elizabeth Warren and Dick Durbin, vehemently opposed this decision, arguing that it is an act of 'complicity' in money laundering, terrorism financing, and financial fraud using crypto.
A fierce controversy has just erupted in Washington D.C. after the U.S. Department of Justice (DOJ) unexpectedly decided to dissolve the National Crypto Enforcement Team (NCET) – the unit responsible for investigating and prosecuting crimes related to digital assets. Six Democratic Senators, including prominent names like Elizabeth Warren and Dick Durbin, vehemently opposed this decision, arguing that it is an act of 'complicity' in money laundering, terrorism financing, and financial fraud using crypto.
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🔴 The U.S. will disband the department for combating cryptocurrency crimes — by Trump's order
The U.S. Department of Justice is closing NCET — the division that handled cryptocurrency investigations. The reason is the implementation of a new presidential directive. Yes, it sounds like a step back, but in reality, it’s more complicated.
📌 What is known:
— NCET (National Cryptocurrency Enforcement Team) will be disbanded
— The decision was made as part of a reform initiated by Donald Trump
— The agency has already notified employees
— Transitional functions will be temporarily transferred to other departments
— The future of investigations into major cryptocurrency cases is in question
📉 Impact: negative for regulatory transparency in the U.S. This could weaken oversight but also provide a breather for the industry. The market may perceive this in two ways — less pressure but also less protection.
📢 Stay one step ahead — subscribe!
#CryptoLaw #USRegulation #DOJ #NCET #CryptoPolicy
The U.S. Department of Justice is closing NCET — the division that handled cryptocurrency investigations. The reason is the implementation of a new presidential directive. Yes, it sounds like a step back, but in reality, it’s more complicated.
📌 What is known:
— NCET (National Cryptocurrency Enforcement Team) will be disbanded
— The decision was made as part of a reform initiated by Donald Trump
— The agency has already notified employees
— Transitional functions will be temporarily transferred to other departments
— The future of investigations into major cryptocurrency cases is in question
📉 Impact: negative for regulatory transparency in the U.S. This could weaken oversight but also provide a breather for the industry. The market may perceive this in two ways — less pressure but also less protection.
📢 Stay one step ahead — subscribe!
#CryptoLaw #USRegulation #DOJ #NCET #CryptoPolicy
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