“The U.S. Department of Justice is not a digital asset regulator,” said Todd Blanche, Associate Attorney General Donald Trump. This was reflected in the memorandum of understanding that dissolved a cryptocurrency-focused unit related to research created under the Biden government in 2021.
The document says it is sealed “Immediate” closure of the National Cryptocurrency Compliance Unit (NCET)Blanche criticized the previous administration for using justice to implement a “reckless strategy of prosecution regulation,” as reported by Fortune.
NCET, made up of money laundering and cybercrime expert prosecutors, played a key role in iconic cases. One of them was Tornado Cash, a cryptocurrency trading mixer used by US citizens to protect their privacy, but those who faced the accusations. “It’s used to bleach profits derived from cybercrime.”as reported by Cryptootics.
NCET itself was part of a persecution policy against the cryptocurrency industry during the Joe Biden government, including the arrest of Keonnu Rodriguez and William Ronerghan Hill, founders of the Bitcoin Sam Auai Portfolio in 2024.
During that time, the US cryptocurrency industry turned on alarms within its ecosystem in the face of an increasing threat from tool developers designed to protect privacy, such as coin join services and cryptocurrency mixers and mixers.
These protocols are essential for many users looking to protect anonymity in an increasingly monitored digital environment, was a target for legal and regulatory measures.. All of this has sparked concerns about how these government actions limit innovation and autonomy in the sector.
The fundamental turns of Bitcoin and cryptocurrency in the Trump era
However, the currently signed notes Blanche orders «focus on the processing of individuals who fraudulent investors Or cryptocurrency users». This excludes actions on exchanges, cryptocurrency transactions, and cold wallet transaction services. This makes it clear that the regulations are marking new turns.
In a way the dissolution of NCET marks the latest measure in a series of cuts in regulatory oversights of the cryptocurrency industry facilitated by the Trump administration. Previous measures include executive orders issued to ease regulatory requirements imposed on the Bags and Securities Commission (SEC), as well as the Raw Materials Futures Trade Commission (CFTC), which controls platforms and operations on digital assets.
It is worth noting that all these measures are part of what Trump has promised. During the campaign as a White House candidate, Republicans said he would change the US regulatory environmentproposes favorable regulations that have changed policies that have expelled domestic Bitcoin and cryptocurrency companies.
His vision, he says, is aimed at promoting an environment in which innovation flourishes without the restrictions that have suffocated the sector.
