"A Monday night memo from Deputy Attorney General Todd Blanche, citing Trump’s crypto executive orders, has dismantled the Department of Justice’s National Cryptocurrency Enforcement Team (NCET) and directed the agency’s Market Integrity and Major Frauds Unit to “cease cryptocurrency enforcement”.1 The memo also directs prosecutors to “not charge regulatory violations in cases involving digital assets including but not limited to unlicensed money transmitting..., violations of the Bank Secrecy Act, unregistered securities offering violations, unregistered broker-dealer violations, and other violations of registration requirements under the Commodity Exchange Act” unless they have specific knowledge that the defendant knowingly and willfully violated a specific requirement — erecting a major barrier to prosecuting such cases.
The National Cryptocurrency Enforcement Team, established in October 2021 and merged with the computer crimes section in July 2023, helped investigate and prosecute cases including the historic Binance case [I44] — which was based on charges that the DOJ is now explicitly discouraged from prosecuting. "
https://www.citationneeded.news/issue-81/