The US Attorney’s Office in Manhattan is shifting its approach to crypto crime enforcement, allocating fewer resources to this area.
The number of prosecutors dedicated to crypto-related cases has diminished since the collapse of digital asset prices in 2022.
The Southern District of New York (SDNY) will continue to address cryptocurrency cases but expects a decline in the number of cases moving forward.
The appointment of Jay Clayton, the former chair of the US Securities and Exchange Commission (SEC), as the new US attorney for the SDNY may have influenced the decision.