The U.S. Department of Justice (DOJ) announced that it will not continue to pursue criminal cases related to regulatory violations by cryptocurrency exchanges, developers, or users.
- This move comes after the dissolution of the National Cryptocurrency Enforcement Team (NCET), a unit specialized in handling cryptocurrency-related criminal activities.
- Instead, the DOJ will focus on prosecuting individuals who exploit digital assets to engage in criminal activities such as terrorism, human trafficking, drug trafficking, and financial fraud.
- This decision marks a significant shift in the DOJ's approach to cryptocurrency, emphasizing that they are not the regulatory body for digital assets.