The United States turns a blind eye to encryption crimes

Meanwhile, the Trump family’s encrypted empire continues to expand. In late March, Eric Trump and Donald Trump Junior announced the sons of the president, a New Bitcoin Mining Project. Shortly before that, the parent company entered the social media platform in Trump, deal To launch a series of traditional boxes. President Trump has previously released NFTS, as well as Memecoin.

At least until July, at the time the new “working group on the US government” Required to recommend an approach To oversee the encryption industry, it will remain unclear any laws and regulations that will be implemented against encryption companies – and by who. “There was a clear mayor in the city: (the former head of the Securities Council and the Stock Exchange Gary) Jinsler. Now there is no.”

Although the orders of the new Ministry of Justice do not prevent the prosecutors from investigating the encryption work, the practical facts of the job – the way in which a budget is allocated, how investigations are employed, and the possibility of supervisors to refuse the lawyer of Boukhalter.

“If you are a public prosecutor, you are not sure that I am interested,” says Silva. “If I conducted long -term complex financial investigations related to international fraud, I can manage three or four at one time. Will I spend years in (encryption) that may decrease?”

It is possible that the result is that the encryption companies are left alone to follow the experimental types of distinctive symbols, transactions or products, even if the limits of the laws in force extend. “If you are a cryptocurrency company at the present time, you have more certainty that during the next two years, tolerance of risks may be expanded without punishment as much as it will be,” Silva says.

in letter To the Ministry of Justice on Thursday, six Democratic Senate members argued that alleviating the grip of platforms responsible for the flow of encryption assets will lead to serious results in the direction of the river course as well. “He will take advantage of the drug smuggler, terrorists, scammers and opponents this security vulnerability on a large scale,” the letter said.

The position of the Ministry of Justice may not be the free pass that Joshua Navatis, the former public prosecutor who is currently occupying a partner at Pallas Partners in the law firm. Although the Ministry of Justice is likely to follow only a few cases related to encryption during the Trump era, he says, it cannot be ensured that companies at the present time will not be punished for future departments. This should be surprised by the willingness of the encryption industry for engagement, for example, the requirements of anti -money laundering.

“I am sure it is breathing in the encryption industry,” says Naftalis. “But there is a law for restrictions. A different president can always return and receive these cases. It will be a false feeling of safety.”

On an equal footing, the Ministry of Justice will continue to draw a solid line in fraud, as the former prosecutors claim. “You can only commit stark financial crimes and do not expect anyone to look at it,” Silva says.

There is a degree required by all parties – from encryption work to prosecutors deadline with these new orders – reading between the lines. “The sign is that the industry is no longer in the dog’s house anymore,” says Naftalis. “They still have to comply with the laws. The question is what will be applied – and from who?”