Overview

• The Department of Justice has disbanded the National Cryptocurrency Enforcement Unit (NCET) effective immediately, per a memo from Deputy Attorney General Todd Blanche.
• This move aligns with Trump’s January executive order on digital assets, which seeks to provide regulatory clarity and ease enforcement on the crypto industry.
• Prosecutors are now instructed to focus on individuals who harm digital asset investors rather than targeting exchanges, mixers, or offline wallets.
• The NCET previously led high-profile cases, including investigations into Tornado Cash and hacker Avraham Eisenberg, but these efforts will no longer be prioritized.
• The disbandment is part of a broader pro-crypto strategy by the Trump administration, which includes establishing a strategic Bitcoin and digital assets reserve.