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Cryptocurrency Enforcement Team Disbanded as DOJ Alters Strategy

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In a move that could raise the eyebrows through Washington and Silicon Valley, the United States Department of Justice has officially pressed the plug on its national team of application of the cryptocurrency (NCET). If it seems a big problem, it is.

The Doj says he is moving concentration. Instead of chasing the cryptocurrency in a broad sense, it is now aiming more strictly to people who use digital resources for “serious” crimes, such as drug trafficking, terrorism financing or hacking, not everyday developers who built Blockchain projects.

Deputy Prosecutor General Todd Blanche has clarified that it is a question of becoming soft, it is a question of being strategic. He criticized the past tactics as excessively aggressive, saying that the Doj will not continue what he called “regulation for judicial proceedings”. From now on, if someone is involved in a cryptographic case without a clear criminal intent, the position of the department is: don’t worry.

Doj Crypto Enforcement Team Canceled: implications for cryptographic platforms

This change could be a breath of fresh air for platforms and cryptocurrency developers who have spent the last years nervously controlling their mailboxes for quotes. Under the new approach, tools such as cryptocurrencies, cold wallets or Difi platforms will not be punished only because the bad actors have used them, unless there is evidence that the developers have contributed consciously.

It is a great change. He suggests that the government is finally setting a clearer line between technological infrastructures and criminal intent, something that the cryptographic community has been demanding for years.

But it is not without risk. Critics claim that this opens the doors to shady operators to exploit the space, knowing that the application is started again. For now, it is an act of balance between encouraging innovation and maintaining basic liability.

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The policy behind the DOJ move to dissolve the cryptocurrency team

Zoom we briefly eliminate; This is not happening in the void.

Political change aligns neatly to the broader agenda of President Trump to loosen the cornerstone regulations. And yes, it is worth noting: the Trump family has the skin in the game. Through businesses such as World Liberty Financial and the launch of their token ($ Trump and $ melania), the involvement of the family cryptocurrencies has attracted the attention of legislators.

Democrats at the congress asked the century to preserve any document relating to these initiatives, suggesting potential conflicts of interest. Regardless of the fact that these concerns guide or not, they feed a debate already politically accused on the supervision of cryptocurrencies.

In the meantime, at the century, the president of acting Mark Uyeda also trained the gas pedal, leafing through causes against big exchanges such as Coinbase and Kraken. Washington’s message is clear: the regulatory mood has changed.

Like the cryptocurrency industry, it is reacting to the Doj which closes its team of application of the cryptocurrency

It is not surprising that the reactions have been mixed. Some in the world of cryptocurrencies celebrate the round as a breathing space for some time for manufacturers and innovators. But others fear that too much clemency can make the space more vulnerable to scams, money laundering or worse.

One case in particular stands out: Roman Storm, developer of the Crypto Mixer Tornado Cash. Storm is fighting the accusations for presumably enabled the recycling of money, but under the new lens of the Doj, his defense, which has built a tool, not a criminal ring, but earns more traction.

The Doj turn reports a new chapter on how the United States manage the cryptocurrency crime. It remains to be seen if this leads to a more balanced and effective picture or only more confusion. For now, the world of cryptocurrencies is looking closely, knowing that the rules of involvement have just changed.

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Keyway keyway

  • The Doj officially closed his national cryptocurrency team (NCET), moving from the wide application through the cryptocurrency space.

  • Focus will now be on serious crimes such as the financing of terrorism, drug trafficking and computer attacks, not everyday developers or infrastructure manufacturers.

  • The deputy AG Todd Blanche has criticized the previous approach as “Judicial procedure regulation”, reporting a softer and more strategic application strategy.

  • The cryptocurrencies, portfolios and the DIFI platforms will be targeted unless the developers consciously facilitate illegal activities.

  • Critics warn that this could open the door to bad actors to exploit reduced control.

The team of application of the Post cryptocurrency was dissolved when the Doj Alterrs’ strategy appeared for the first time on 99 bitcoins.

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