The U.S. government has dismissed a proposal to deputize citizens to combat crypto fraud, contrary to recent claims of such a move under the Trump administration. Instead, current policy shifts focus on deregulation, leaving a regulatory void that impacts both the crypto market and enforcement efforts. Recent reports indicated potential revival of an 18th-century law allowing for citizen involvement in managing crypto scams. However, initial investigations have failed to find evidence supporting these claims, according to primary sources. Under President Trump’s leadership, the Department of Justice and Securities and Exchange Commission (SEC) significantly altered their enforcement strategies. This shift led to a decline in active prosecution of crypto-related crimes and a withdrawal from the regulation and enforcement of stablecoins. The resulting regulatory vacuum impacts the cryptocurrency market, particularly the stablecoin sector. Experts and industry participants face uncertainty as a result of these changes, causing concerns over potential unregulated activities within the crypto ecosystem.