U.S. Government disbands Crypto Enforcement Unit
The Department of Justice announced Monday night that it has dissolved its enforcement team dedicated to crypto and will no longer pursue criminal cases in several crypto-related cases.
The DOJ’s National Cryptocurrency Enforcement Team (NCET) has been dissolved with immediate effect, per the memo that Deputy Attorney General Todd Blanche sent to agency employees last night.
Furthermore, unless the offenses involve crimes like embezzlement, scams, rug pulls, or hacks, the DOJ will no longer bring criminal charges against cryptocurrency exchanges, crypto mixing services, or cold wallet holders for “acts of their end users or unwitting violations of regulations.”.
Amanda Tuminelli, executive director of the cryptocurrency lobbying group DeFi Education Fund, shared a copy of the memo on X. It was verified as authentic by a person with knowledge of the situation.
Fortune first reported on the document’s contents after the DOJ stated in the memo that prosecutors “will not pursue actions against the platforms that these enterprises utilize to conduct their illegal activities” and will only target the enemy group in cases where a criminal enterprise or state enemy, such as North Korea, uses a crypto service to launder funds.
The U.S. government has been interested in cryptocurrency mixing services like Tornado Cash for many years, which let users keep their transactions private.
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