The memo, sent to the Justice Department Monday, states that the DOJ won’t be pursuing cases that Blanche said are better suited for financial regulators, instead focusing on crimes committed with cryptocurrency such as selling illegal drugs, The Washington Post reports.
Now, other attorneys previously focused on cryptocurrency will instead focus on immigration crimes and procurement fraud, the memo states, although federal prosecutors will still be directed to bring cases against people who defraud investors.
The president’s announcement last month of a new national “crypto strategic reserve” smacks of a blatant ploy to make some of his cronies richer, and the Trump family has reportedly held talks about taking a financial stake into Binance, a cryptocurrency firm that pleaded guilty in 2023 to money laundering. It seems that Trump and his cronies are looking to profit from cryptocurrency and want pesky regulations and law enforcement out of the way.
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