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U.S. Shuts Down Crypto Crime Unit as Trump Shifts Focus to Investor Fraud

  • 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.

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