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U.S. Department of Justice's Shift in Crypto Enforcement
The U.S. Department of Justice (DOJ) has announced a major shift in its approach to cryptocurrency regulation. Under a new directive aligned with former President Trump’s crypto-friendly policies, the DOJ will significantly reduce its enforcement actions against crypto exchanges, wallet providers, and mixing services. The focus will now be on prosecuting individuals directly involved in scams or illicit financing, rather than targeting platforms for user misconduct. This move includes disbanding the DOJ’s national cryptocurrency enforcement team and halting crypto-related prosecutions through its Market Integrity and Major Frauds unit. This policy change could impact ongoing cases like that of Tornado Cash developer Roman Storm and is expected to encourage more innovation and investment in the U.S. crypto market.