Connect with us

Crypto

DOJ scales back efforts to fight cryptocurrency fraud

Published

7 months ago

on

DOJ scales back efforts to fight cryptocurrency fraud

[Kale Carey]

THE DEPARTMENT OF JUSTICE IS PLANNING TO SCALE BACK ITS LEGAL FIGHT AGAINST CRYPTOCURRENCY FRAUD.

IN A MEMO OBTAINED BY THE WASHINGTON POST, DEPUTY ATTORNEY GENERAL TODD BLANCHE MADE THE ANNOUNCEMENT TO STAFF MONDAY SAYING THE D-O-J WILL NO LONGER PURSUE LITIGATION OR ENFORCEMENT ACTIONS RELATED TO REGULATORY ASPECTS OF DIGITAL ASSETS … ADDING PROSECUTORS SHOULD FOCUS ON CRIMES PEOPLE COMMIT WITH CRYPTOCURRENCY, SUCH AS DEALING NARCOTICS AND HUMAN TRAFFICKING.

BLANCHE ALSO SAID HE WOULD GET RID OF THE NATIONAL CRYPTOCURRENCY ENFORCEMENT TEAM –ESTABLISHED IN 2022 TO “ADDRESS THE CHALLENGE POSED BY THE CRIMINAL MISUSE OF CRYPTOCURRENCIES AND DIGITAL ASSETS.” 

THE CHANGE COMES AFTER PRESIDENT TRUMP ISSUED AN EXECUTIVE ORDER DIRECTING THE DEPARTMENT TO EVALUATE AND REGULATE GUIDELINES IMPACTING DIGITAL CURRENCY.

Advertisement

DURING HIS 20-24 CAMPAIGN TRUMP PROMISED TO EASE REGULATION AGAINST CRYPTO COMPANIES, LEADING TO BIG DONATIONS FROM TECH INVESTORS.

LAST MONTH, TRUMP PARDONED FOUR INDIVIDUALS INVOLVED WITH CRYPTOCURRENCY EXCHANGE, BITMEX.

THE FOUNDERS OF THE EXCHANGE PLEADED GUILTY IN 2022 FOR FAILING TO IMPLEMENT ANTI-MONEY LAUNDERING AND IDENTITY VERIFICATION SYSTEMS.

BLANCHE HAS NOW ORDERED ALL CURRENT OPEN INVESTIGATIONS WHICH DON’T FOLLOW THE D-O-J’S NEW GUIDELINES TO BE CLOSED.

FOR SAN, I’M KALÉ CAREY.

Advertisement

FOR ALL YOUR LATEST NEWS HEADLINES – DOWNLOAD THE STRAIGHT ARROW NEWS APP TODAY.

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Crypto

Data: The cryptocurrency market shows mixed results, with slight increases in the Meme and Layer 1 sectors, while BTC drops to 110,000 USD – ChainCatcher

Published

11 hours ago

on

October 30, 2025

By

Data: The cryptocurrency market shows mixed results, with slight increases in the Meme and Layer 1 sectors, while BTC drops to 110,000 USD – ChainCatcher

ChainCatcher message indicates that, according to SoSoValue data, various sectors of the encrypted market are experiencing mixed gains and losses. Among them, the Meme sector rose by 1.38% in 24 hours, with Pump.fun (PUMP) and OFFICIAL TRUMP (TRUMP) increasing by 12.98% and 13.65%, respectively; the Layer1 sector increased by 1.02%, with Zcash (ZEC) continuing to rise significantly by 10.77% and Hedera (HBAR) up by 5.22%.

In addition, Bitcoin (BTC) continues to pull back, down 1.60% in 24 hours, retreating to around $110,000. Ethereum (ETH) fell by 1.35%, maintaining around $3,900.

In other sectors, the CeFi sector rose by 0.66%, with Binance Coin (BNB) up by 0.79%; the DeFi sector increased by 0.59%, with World Liberty Financial (WLFI) rising by 3.92%; the Layer2 sector went up by 0.52%, with Merlin Chain (MERL) increasing by 7.50%; additionally, the PayFi sector fell by 0.93%, but Litecoin (LTC) rose against the trend by 2.52%.

The cryptocurrency sector indices reflecting historical market trends show that the ssiAI, ssiNFT, and ssiMeme indices rose by 2.42%, 1.77%, and 1.42%, respectively.

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click “Report”, and we will handle it promptly.

Advertisement
Continue Reading

Crypto

Wisdomtree Taps BNY Mellon to Power Onchain Banking With Tokenized Assets

Published

1 day ago

on

October 29, 2025

By

Wisdomtree Taps BNY Mellon to Power Onchain Banking With Tokenized Assets
Traditional finance and blockchain are converging faster than ever as major institutions embrace tokenized real-world assets, setting the stage for a massive transformation in digital finance and opening new frontiers for seamless onchain investing.
Continue Reading

Crypto

Stablecoins are a shaky proposition for your savings. Here’s what to know.

Published

2 days ago

on

October 28, 2025

By

Stablecoins are a shaky proposition for your savings. Here’s what to know.

Outside the Box

This so-called ‘safer’ cryptocurrency offers some advantages to investors. But can you trust the providers?

Last Updated:
First Published:

Stablecoin, the purportedly “safer” version of cryptocurrency, is having its moment. On the heels of the GENIUS Act, which Congress passed last July, the value of all stablecoins is now more than $300 billion — roughly 7% of all crypto in circulation.

Stablecoin’s run is even more impressive given that its stability is overrated. Safety and security as an asset vary widely by issuer, and stablecoins offer little benefit to crypto investors and almost nothing to non-crypto investors.

Continue Reading

Trending