According to Fortune magazine, Foresight News reports that the U.S. Department of Justice notified staff on Monday night that the agency will dissolve a department specifically responsible for cryptocurrency-related investigations, namely the National Cryptocurrency Enforcement Team (NCET) will be disbanded. The NCET was established in 2021 under President Biden's leadership, a joint special task force composed of prosecutors from the Department of Justice's Money Laundering and Cybercrime Division and lawyers from other regional offices.
The U.S. Attorney General instructed Department of Justice staff to focus on "prosecuting individuals who make digital asset investors victims" rather than prosecuting cryptocurrency exchanges, mixing services like Tornado Cash, and offline wallets.
