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The US Department of Justice (doj) cancels a unit within the Federal Agency, which exclusively focused on encryption investigations.
In a new note issued on Monday, the Ministry of Justice says Plan To eliminate the so -called national cryptocurrency enforcement unit (NCET), which was created during the Biden administration to prosecute the encryption companies.
US Deputy Prosecutor Todd Blanche says in the memo that the agency is now ending the unit after President Trump asked “to end the regulatory weapons against digital assets.”
“The Ministry of Justice is not a regulator of digital assets. However, the previous administration used the Ministry of Justice to follow up on a strategy that is evacuated by the organization through the prosecution, which was badly visualized and implemented.
The Ministry of Justice will not follow the procedures for litigation or enforcement that have an impact on the installation of regulatory frameworks on digital assets, while the actual organizers of President Trump perform this work outside the framework of punitive criminal justice. “
Blanche says the unit is resolved to comply with President Donald Trump’s CEO to request He was signed in January to create “organizational clarity” of digital assets.
NCET was created in 2021 and consisted of public prosecutors of money laundering and Internet crime units in the Ministry of Justice as well as lawyers from other provinces, according to Fortune reports.
The unit participated in some of the largest encryption cases in the Ministry of Justice, including Tornado Cash, a encryption mixer that uses cryptocurrencies and prove zero knowledge to hide digital asset transactions paths.
Blanghe notes the Ministry of Justice employees to narrow its encryption strategy.
He says noteand
“… in line with the directives of President Trump and the priorities of the Ministry of Justice, and the investigations of the Ministry of Administration and trials that involve digital assets focus on prosecuting individuals who put the victim of investors digital assets, or those who use digital assets in promoting criminal crimes such as terrorism, drugs, human trafficking, organized crimes, hacking, and kartrat financing.”
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