The United States Department of Justice (DOJ) has announced that it will no longer pursue criminal cases related to violations of regulations by cryptocurrency exchanges, developers, or users.
- This move comes after the dissolution of the National Cryptocurrency Enforcement Team (NCET), the unit specialized in handling criminal activities related to cryptocurrency.
- 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 agency for digital assets.
- This move comes after the dissolution of the National Cryptocurrency Enforcement Team (NCET), the unit specialized in handling criminal activities related to cryptocurrency.
- 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 agency for digital assets.