Under Trump, the US Department of Justice Ends Cryptocurrency Investigations Donald Trump News

The United States Ministry of Justice announced that he plans to parry his investigations in cryptocurrency, instead of redirecting those resources to implement immigration, terrorism and drug trade.

In the domain late on Monday, Deputy Bargain General Todd Blanche quoted President Donald Trump “to end the regulatory weapons of the cryptocurnent industry.

“The Department of Justice is not a digital asset regulator,” Blanche wrote.

The “Justice Department will no longer specify civil or executive actions that have the effect of setting up the regulatory frameworks on the digital.”

Instead, Blanche explained that Trump regulators in other departments would conduct financial law “outside the Criminal Criminal Justice Framework”.

“Prosecutors should not charge regulations on regulations in cases involving digital assets,” Blanche wrote.

As part of the change, the Ministry of Justice will immediately dismantle its National Cryptocurrency Corrupt (NCET), which was launched in February 2022. under the administration of the former President Joe Biden.

The team is designed to follow cases of alleged fraud and an illegal funding scheme.

2024 He announced the conviction in the first “Criptocurrencin Cosions Forus”. The suspect, Avraham Eisenberg, was found guilty of fraud of goods for artificial manipulation of cryptocurric wings prices. This, in turn, allowed him to get $ 110 million in cryptocurrency, according to prosecutors.

NCET also led high investigations against cryptocurnancy companies like binance and a tornado cash, the last charged with money laundering for North Korea.

Trump has repeatedly knocked the Biden administration and set out on the dismantling of some of the signatures of the former president, including NCET.

In the memory memory, the Blanche echoed by Trump accusing the “previous administration” for the implementation of the “reckless regulation strategy by the Prosecutor’s Office”.

Trump wanted to distance himself from Bičan’s investigations to a large extent unregulated industry of cryptocurnancy, instead of positioning as a digital currency champion.

23. January three days after the second term return to the White House, Trump issued an executive order 14178, entitled “Strengthening American leadership in digital finance technology”.

He revoked the executive action of Biden-ER for the “responsible development” of the cryptocurri and instead set the basis for the “national digital data of the digital asset”.

In the weeks since then Trump brought good at that pledge, announcing a National Strategic Reserve For cryptocurrency at the beginning of March. He called five currencies in the reservation – CSRP, Cardano, Solana, Bitcoin and Etherum – giving every short Reinforcement.

Too published His own “meme coins” and has business interests in the Cryptocurrency of the World Freedom Freedom (VLF), non-translated and its families billions of dollars. Critics, however, questioned the ethics of these ventures, given the Trump firing a role in the global economy.

With reference to the “CRIPTO president”, the Trump continued to mitigate the digital currency industry.

For example, he held a meeting with the leaders of Kruptocurnenia in the White House 7. Marta, called the “digital property” summit of the first ever white center “.

“Last year I promised to do the superpower of the world and crypto capital planet and take historical actions to achieve that promise,” Trump said at the meeting.

“This will be a Virtual Fortress Knox for digital gold to settle in the United States Throws. It’s a big deal,” he added.

He also drew parallel between his legal troubles and investigations in the cryptocurnancy industry. Trump was 2023. became the first president who was ever charged with criminal charges, and 2024. He was convicted of forging business documents in New York.

“They are weapons for the weapons against the whole industry,” said Trump for Biden administration shares that are the sounding of companies of cryptocurnancy.

“I know that feeling, maybe better than you. All that will be over soon.”

Under Trump direction, the Federal Government really fell several investigations in cryptocurrency.

The Securities and Exchange Commission (SEC), for example, has turned out its probe in Kovanica, while the Department for Justice has completed the investigation of the birth of the Financial Society, which was charged with abuse of cryptov property.

On Monday, Monday, still said that some investigations would be related to cryptocurrence other priority in the justice department.

Instead, Blanche said that the department will narrow down its volume to focus on illegal activity that causes “financial damage to investment and consumers” and supports cartels, drug traffickers and marked “terrorist” groups.

“For example, cartels and trafficking and smuggling and smuggling, all turned into digital assets to finance their business and washing revenues from their unauthorized companies,” Blanche wrote.

While the department will continue following the cartel and criminal organizations using digital currencies, the Blanche, that his prosecutors “will not explore the actions against the platforms used by these companies to implement their illegal activities.”