The US Department of Justice (DOJ) is reportedly disbanding the National Cryptocurrency Enforcement Unit (NCET) to comply with President Donald Trump’s regulatory shift towards digital assets.
The disbandment of the NCET is part of the DOJ's actions to comply with President Trump's executive order on digital assets and establish regulatory clarity for the crypto sector.
The DOJ will focus on prosecuting individuals who victimize digital asset investors, rather than targeting crypto exchanges, mixers, and offline wallets.
The move by the DOJ aligns with the efforts of other regulatory bodies, such as the US Securities and Exchange Commission, to develop clear regulatory guidelines and protect investors in the crypto industry.