The Department of Justice (DOJ) has announced steps to sharpen its own cryptocurrency enforcement. Specifically, they are prioritizing protecting investors and addressing regulatory ambiguity. The new strategy emphasizes prosecuting criminal activity within the digital asset space while deferring to regulatory bodies for compliance oversight. Taken together, these recent moves represent...
Now, consider Sarah, a single mother who invested her life savings into what she thought was a promising DeFi project. Continessa was captivated by the company’s mission to democratize finance, providing opportunities that wouldn’t be available in traditional banks. Then DOJ’s guidance created a tsunami of uncertainty, regulatory overreach, and...
The digital asset landscape is changing rapidly, and along with it, the regulatory environment that seeks to govern it. Just last week, the Department of Justice (DOJ) announced new enforcement guidance focused on cryptocurrency. This has caused a mix of excitement and a little anxiety among members of the crypto...
I know, I know. It seems like every day, we are hit with another crypto headline predicting the industry’s doom. The DOJ just released a new enforcement guidance, and it’s breaking the internet. Crypto players have been screaming from the rooftops that “regulation is killing crypto! But before you add...
Many advocates are applauding the Department of Justice’s new crypto enforcement memo as a sensible forfeiture reform. To them, it represents a firm, but welcomed, move away from the prior “regulation by prosecution” approach. I see something far more sinister: a potential abdication of responsibility, a dangerous gamble with our...
DOJ’s new policy memo announcing a big change in crypto enforcement strategy has set off quite a firestorm, and for good reason. It’s a difficult balancing act between introducing regulations that we desperately need and undermining the innovation that truly makes crypto so exciting. The reality is that conversation is...
In recognition of this, the Department of Justice (DOJ) recently released a memorandum. This step has ignited a spirited discussion about the broader direction of cryptocurrency regulation and enforcement. The memo serves as further evidence of a pronounced pivot by the DOJ towards heavy-handed enforcement in the crypto space. It...
Senate Democrats are calling on the Department of Justice (DOJ) to reestablish a specialized unit that investigates and prosecutes crimes involving cryptocurrency. Advocates and allies of this important tool are right to sound the alarms over its proposed dismantling. Without it, they contend, illicit actors operate with impunity and the...
Earlier this summer, the U.S. Justice Department announced their intent to dismantle the National Cryptocurrency Enforcement Team (NCET). This decision is a clear departure from the previous approach toward regulating digital assets. In particular, this move signals a major recalibration of priorities within the DOJ. This is notable especially because...
