Trump's DOJ will no longer prosecute cryptocurrency fraud
a year ago
- #DOJ
- #cryptocurrency
- #Trump
- The Trump administration is disbanding a DOJ unit focused on cryptocurrency fraud enforcement.
- A memo directs prosecutors to stop targeting virtual currency exchanges and related services.
- Trump has shifted from skepticism to becoming a political champion for the crypto industry.
- The DOJ will now focus on prosecuting individuals who victimize digital asset investors or use crypto for criminal activities.
- Trump's SEC has dropped investigations and lawsuits against companies like Robinhood and Coinbase.
- Robinhood's CEO donated to Trump's inauguration, and the platform lists Trump's meme coin.