In a controversial move, the US Justice Department has dissolved its National Cryptocurrency Enforcement Team (NCET), a unit set up under the Biden administration to combat crypto fraud. Deputy Attorney General Todd Blanche announced the decision in a memo, highlighting the shift in policy under Donald Trump’s second presidency. The department will now focus only on crimes involving digital assets, like terrorism and human trafficking, instead of regulating the industry. Trump, who aims to make the US the "crypto capital of the planet," has long advocated for lighter regulations. His administration seeks to foster innovation without punitive legal actions against the sector.
