U.S. DOJ Disbands Cryptocurrency Enforcement Unit, Citing Trump-Era Executive Order

The U.S. Department of Justice (DOJ) is significantly reducing its efforts to regulate the cryptocurrency industry. The agency has closed its National Cryptocurrency Enforcement Team (NCET), a unit established in 2022 under the Biden administration’s focus on prosecuting crypto-related offenses. The team played a significant role in cases like the $4.3 billion settlement against Binance and its CEO, Changpeng Zhao.