Justice Department Disbands Crypto Enforcement Unit
The National Cryptocurrency Enforcement Team (NCET) has been disbanded, signaling a major policy shift.
Deeper Insight:
The NCET previously spearheaded investigations into crypto fraud and ransomware.
Critics see this as reducing deterrence against crypto crime.
The move aligns with Trump’s deregulatory agenda but raises eyebrows globally.
This change is celebrated by some in the crypto industry as it reduces fear of enforcement actions. However, it may embolden bad actors and lead to international tensions.
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