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DOJ to End “Regulation by Prosecution” Narrows Crypto Enforcement
DOJ to End “Regulation by Prosecution” Narrows Crypto Enforcement
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The US Department of Justice (DOJ) is stepping away from the previous administration’s “regulation by prosecution” stance on cryptocurrencies. The DOJ announced it will no longer pursue criminal enforcement actions that effectively impose regulatory frameworks on digital asset companies. According to a new memorandum entitled “Ending Regulation by Prosecution,” the policy will prioritize crypto fraud and the use of digital assets for terrorism, drug trafficking, computer crime, and human smuggling. Prosecutors will not charge “regulatory violations” involving digital assets.
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