US Department of Justiceannounced that the special unit in charge of investigating crypto currency crimes has been closed. According to Fortune Crypto, National Cryptocurrency Information Team (NCET) team Donald Trump administration was distributed in line with the new regulatory approach to crypto currencies. Development Washington’s Crypto Money Marketshows that he has radically changed his attitude towards. Authorities now aim to support the sector by adopting a softer approach.
The old unit had significant crypto money operations
NCET, Joe Biden It was founded in 2021 during his time. This special unit consisted of prosecutors in money laundering, cyber crimes and crypto currency law. Tornado Cash He played an active role in many important investigations from the examination of crypto currency mixers to the Avraham Eisenberg case where more than $ 100 million were stolen.
In addition, North Korean hacker groups crypto currency Investigations against the funds he laundered through him were also under the leadership of NCET. The unit was known for going on illegal activities in the crypto currency world. However, with the arrival of Trump, the unit was closed with the end of the repressive approach to the crypto currency sector.
The US Department of Justice will now focus directly on scammers
US Deputy Chief Public Prosecutor Todd Blanchein the internal correspondence published on the subject, he said that there are fraudsters in their focus. In other words, the government will pursue people and groups that directly deceive investors instead of targeting the stock market, wallet or crypto currency infrastructure. This means that the ministry does not return to its judicial function, not regulatory.
Blanche stressed that the previous administration follows the strategy of “regulation by prosecution” using the Ministry of Justice as a kind of regulatory institution, which is a dangerous method. In the new approach Selection And CFTC It is expected that the pressure of institutions on crypto currency is expected to be reduced.
Crypto currency and gold report are expected
On the other hand, in line with the execution order signed by Trump’s duty in the early days, the crypto currencies of federal institutions until April 7 Treasury Departmentthey had to report to. However, these data are kept confidential for now. When the reports will be shared with the public, it remains unclear.
In the same scope, the US Treasury’s publishing a new report on gold reserves is on the agenda. It is considered that these moves prepare an important basis for reshaping the location of crypto currencies in the financial system.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
