Department of Justice Disbands Cryptocurrency Enforcement Team, Halts 'Regulation by Prosecution'
Earlier this month, the U.S. Department of Justice (DOJ) made headlines by disbanding its National Cryptocurrency Enforcement Team (NCET), signaling a shift in its approach to regulating the burgeoning cryptocurrency sector. This decision was articulated by Deputy Attorney General Todd Blanche, who stated that the DOJ will no longer engage in what he termed "regulation by prosecution." This phrase implies that the DOJ will cease using litigation and enforcement actions as a means to impose regulatory frameworks on digital assets, instead leaving that responsibility to regulatory agencies tasked with developing comprehensive guidelines for the sector.
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Hana Takahashi
