🔴 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.
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