DOJ Dismantles Crypto Investigation Unit, Shifts Focus to Investor Protection

The Department of Justice (DoJ) has disbanded its dedicated crypto investigation unit, the National Cryptocurrency Enforcement Unit (NCET), marking a significant shift in approach to digital assets enforcement. The move comes after President Biden’s DOJ issued a memo redirecting focus towards prosecuting individuals who target digital asset investors rather than platforms or tools. This decision follows a memo that directs federal agencies to prioritize investor protection.