DoJ Disbands National Cryptocurrency Enforcement Team

The United States Department of Justice (DoJ) has officially dissolved the National Cryptocurrency Enforcement Team (NCET), as reported by Fortune. This decision, communicated through a memo from Deputy Attorney General Todd Blanche, marks a significant shift in the DoJ's approach to cryptocurrency regulation.

Controversial Decision

Blanche criticized the Biden administration's strategy, accusing it of leveraging the DoJ and the NCET to enforce regulations through prosecution. He emphasized the department's role should focus on protecting digital asset investors from fraud rather than acting as a regulatory body for digital assets.

Impact on Crypto Regulation

The dissolution of the NCET raises questions about the future of cryptocurrency enforcement and regulation in the United States, highlighting the ongoing debate between regulation and prosecution in the digital assets space.