U.S. Department of Justice Disbands Cryptocurrency Division, Trump Further Eases Regulations on Digital Assets

On April 8, news from Fortune magazine reported that the U.S. Department of Justice notified employees on Monday evening that it is dissolving a division specifically responsible for cryptocurrency-related investigations. In a four-page memorandum reviewed by Fortune, Deputy Attorney General Todd Blanche announced the decision, stating, "The Department of Justice is not a regulator of digital assets. However, the previous administration used the Department to implement a reckless regulatory strategy through prosecutions." Blanche is the second-in-command at the Department of Justice and also serves as Trump's defense attorney during the 2024 criminal trial. He wrote that as part of the Department of Justice's efforts to comply with Trump's executive order on digital assets issued in January, the National Cryptocurrency Enforcement Team (NCET) is being "immediately" disbanded, with the order aimed at "establishing regulatory clarity for the industry." As part of the memorandum on Monday, Blanche directed Department of Justice employees to focus on "prosecuting those who harm digital asset investors," rather than pursuing cases against cryptocurrency exchanges, mixers like "Tornado Cash," and "offline wallets." #美国加征关税