Under Trump, the US Department of Justice ends in the encrypted currency Donald Trump News

The US Department of Justice announced that it plans to support its investigations into the coded currency fraud, instead redirect these resources towards enforcement of immigration, terrorism and drug trafficking.

In a note late Monday, Deputy Prosecutor Todd Blanche quoted President Donald Trump’s pledge to “end the organizational weapons” for the encrypted currency industry.

“The Ministry of Justice is not a regulator of digital assets,” Blanche wrote.

“The Ministry of Justice will not follow the procedures for litigation or enforcement that have an impact on the development of regulatory frameworks on digital assets.”

Instead, Blanche explained that Trump’s organizers in other departments will implement the financial law “outside the framework of punitive criminal justice.”

“The prosecutors should not charge the organizational charge in cases that involve digital assets,” Blanche wrote.

As part of the changes, the Ministry of Justice will immediately dismantle the national cryptocurrency enforcement team (NCET), which was launched in February 2022 under the management of former President Joe Biden.

The team is designed to follow the cases of fraud and illicit financial plans.

In 2024, she announced a condemnation in the first open market treatment issue.

NCET has also led high -level investigations against cryptocurrencies such as Binance and Tornado Cash, which was accused of the latter of North Korea money.

Trump has repeatedly criticized the Biden administration and began to dismantle some of the former president’s signing policies, including NCET.

On Monday note, Blanche Trump repeated the blame for the “previous administration” to follow up on “a reckless strategy for the organization through the claim.”

Trump sought to stay away from Biden’s investigations in the highly unorganized currency industry, and instead he placed himself as a hero of digital currencies.

On January 23, three days after he returned to the White House for a second term, Trump issued an executive order 14178, entitled “Promoting American Leadership in Digital Finance Technology”.

She canceled an executive procedure during the Biden era, which is pushing for a “official development” of the cryptocurrency and laying the foundation rather than “National Digital Assets”.

In the weeks that followed, Trump achieved this pledge, declaring National strategic reserves For cryptocurrency in early March. He named five currencies for the reserve Increase in value.

Trump also Absolute His Mimi currency has commercial interests at the World Current Currency Company, Liberty Financial (WLF), where he and his family network are billions of dollars. However, critics questioned the ethics of these projects, given the huge role of Trump in the global economy.

Trump calls himself “the chief of encryption”, however, he continued to conduct initiatives to make digital currency.

For example, he held a meeting with the White House cryptocurrency leaders on March 7, called “The First White House of Digital Assets”.

“Last year, I promised to make America the power of the world’s great bitcoin and the coding of the planet, and we are taking historical measures to make this promise,” Trump said at the meeting.

He added: “This will be a virtual fortress to house digital gold inside the US Treasury. This is a big thing.”

He also directed a parallel between his legal problems and investigations in the coded currency industry. In 2023, Trump became the first president to be charged with criminal charges, and in 2024, he was convicted of falsifying work documents in New York.

“They have been the government weapon against the entire industry,” Trump said about the actions of the Biden administration, which is investigating the cryptocurrency companies.

“I know this feeling too, maybe better than you. All of this will end soon.”

Under Trump’s supervision, the federal government has already brought down many investigations into the coded currency.

For example, the Securities and Stock Exchange Committee (SEC) dropped its investigation in Coinbase, while the Ministry of Justice has completed its investigation in the financial company Robinhood, which was accused of conducting encryption assets.

However, the Monday memo said that some investigations related to the encrypted currency will remain a priority in the Ministry of Justice.

Instead, Blanche said that the administration will restrict its scope to focus on the illegal activity that causes “financial damage to investors and consumers digital assets” and supports cartals, drug dealers and specific “terrorist” groups.

“For example, carts, human trafficking and smuggling have been increasingly turned into digital assets to finance their operations and wash their illegal business revenues,” Blanche wrote.

While the administration will continue to follow the cartals and criminal organizations that use digital currencies, Planch has determined that its representatives “will not follow up against the platforms that these institutions use to conduct their illegal activities.”