 | The DOJ’s memo declared an end to the ‘regulation by prosecution’ strategy, marking a major win for the crypto industry. The U.S. Department of Justice (DOJ) has announced that it will no longer pursue criminal cases against crypto exchanges, developers, or users involved in regulatory violations. This follows the disbanding of the National Cryptocurrency Enforcement Team (NCET), a specialized unit that focused on crypto-related criminal activities. The memo also explained that the DOJ would stop pursuing litigation or enforcement actions involving crypto exchanges, mixing services, and offline wallets for the actions of their end users or any unintentional regulatory violations. [link] [comments] |
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