The U.S. Attorney’s Office in Manhattan reportedly will pursue fewer cases related to cryptocurrency.
Scott Hartman, co-chief of the securities and commodities task force at the U.S. Attorney’s Office for the Southern District of New York, said Friday (Nov. 15) that the office has fewer prosecutors working on crypto cases than it did during the crypto winter, Reuters reported Friday.
“We brought a lot of big cases in the wake of the crypto winter — there were a lot of important fraud cases to bring there — but we know our regulatory partners are very active in this space,” Hartman said at a conference hosted by the Practicing Law Institute in New York, according to the report.
The Manhattan U.S. Attorney’s Office secured several convictions related to crypto crime, including that of FTX founder Sam Bankman-Fried, the report said.
Current U.S. attorney Damian Williams, who was appointed by President Joe Biden, is set to be replaced by Jay Clayton, who was nominated for the post by President-elect Donald Trump, per the report.
Clayton led the Securities and Exchange Commission (SEC) during Trump’s first term and was less aggressive at pursuing crypto cases than current SEC Chair Gary Gensler, the report said.
It was reported Tuesday (Nov. 12) that the price of bitcoin leaped after Trump’s election victory, driven by enthusiasm for the advent of a pro-crypto White House.
While Trump at one time called cryptocurrencies a scam, he changed his tune during his third bid for the White House, pledging to turn the U.S. into the “crypto capital of the planet” and to establish a national bitcoin stockpile.
Trump has also been a vocal critic of Gensler, who has taken a tough stance on the crypto industry. The president-elect’s promise to replace Gensler with a more crypto-sympathetic regulator has led to speculation that the SEC would take a more hands-off stance under a new chair.
In other sectors of the economy, experts predicted Trump would roll back some of the antitrust policies instituted under Biden. This could include abandoning the Department of Justice’s efforts to break up Google, which has been under scrutiny for monopolistic practices.
The Economic Offences Wing (EOW) CID police registered a case against a Chennai-based cryptocurrency investment firm and its director for defrauding investors by promising high monthly returns.
Investors claimed that TFT Block Chain Services Private Limited, operating under the name Tycoon Fintech, defrauded the public by collecting investments ranging from ₹20 crore to ₹30 crore.
Published – March 21, 2026 07:04 pm IST
The Fairfax Scam Jam unpacks two of the fastest‑growing threats: romance‑based investment schemes and cryptocurrency fraud. Scammers often initiate contact through friendly wrong‑number texts, dating apps, and social media, then spend weeks or months building trust. Once a relationship feels established, victims are encouraged to “invest” in cryptocurrency, gold, or foreign currency through fraudulent platforms operated by criminal organizations.
You’ll learn how these schemes operate step‑by‑step, the psychological tactics scammers use, and the financial and emotional devastation they leave behind. Presenters will share actionable tools for recognizing early warning signs, having preventative conversations with loved ones, reporting fraud, and recovering when possible. Whether you’re new to digital safety or a seasoned advocate, this year’s Scam Jam will give you the knowledge you need to stay a step ahead of scammers.
The 9th Annual Fairfax Scam Jam is a community collaboration between AARP Virginia and the Fairfax County Silver Shield Anti-Scam Program.
Resource Fair exhibitors will be on hand until 1 p.m.
Representatives from county, state and federal agencies will be available to answer your fraud and scam questions one-on-one.
Complimentary lunch is provided to registered guests.
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