Justice Dept. says it will pull back on litigating cryptocurrency fraud

[highplainsdem]

Source: Washington Post

The Justice Department has directed prosecutors to stop pursuing litigation against people committing fraud with digital currency, the latest example of the Trump administration easing up on white-collar crime enforcement.

In a memo sent to the Justice Department on Monday night, Deputy Attorney General Todd Blanche said the department will no longer participate in regulation in the digital asset space and will instead focus on crimes that people commit with cryptocurrency, such as dealing narcotics and human trafficking.

Blanche described the Biden administration’s cryptocurrency-related enforcement “as a reckless strategy of regulation by prosecution, which was ill-conceived and poorly executed.”

-snip-

The memo said the National Cryptocurrency Enforcement Team would be disbanded effective immediately.

Read more: https://www.washingtonpost.com/national-security/2025/04/08/trump-crypto-fraud-doj-enforcement/

[liberalgunwilltravel]

1. So, the Trump Crime family

Invites more criminality. Time for this shit show to end.

[Irish_Dem]

2. Making crime legal again.

[CountMyVote4Reality]

3. "Nothing to see here. The fraud is at Social Security."

And the IGs were the first jobs fired.

[LetMyPeopleVote]

4. DOJ protecting trump and his sketchy donors

[A Badger]

5. The laundromat

...will now be open 24/7.

[Eugene]

6. Fraud isn't a crime anymore, especially if the Slobfather gets a cut.

Just saw the Coffeezilla post about this and came right here.

I don't like to use profanity, but... FUCK!!!

Recommending out of disgust, not approval.

[Old Testament Libera]

7. Don't put any money into crypto!

Frankly I hope it all collapses, it is the currency of scammers, crime syndicates, and grifters - like Trump and Putin

Also it takes vast amounts of energy, to produce something completely useless - blockchains...