The U.S. has shut down its National Cryptocurrency Enforcement Team (NCET) as part of a shift in focus towards investor fraud.
The closure of NCET is aimed at bringing more predictability and less regulatory pressure to the crypto industry.
The move signifies a change in strategy, with the Department of Justice shifting its attention from targeting crypto infrastructure to pursuing individuals who defraud or harm investors directly.
The closure of NCET marks a shift towards a more targeted approach in dealing with crypto-related crime rather than sweeping crackdowns on platforms and protocols.