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Al Jazeera
Al Jazeera
Politics
Al Jazeera Staff

Under Trump, US Justice Department ends cryptocurrency investigations

Donald Trump Todd Blanche Cryptocurrency Joe Biden the Justice Department Crypto Bitcoin the White House
President Donald Trump speaks at the Bitcoin 2024 Conference on July 27 last year in Nashville, Tennessee [Mark Humphrey/AP Photo]

The United States Department of Justice has announced it plans to pare back its investigations into cryptocurrency fraud, instead redirecting those resources towards immigration enforcement, terrorism and drug trafficking.

In a memo late on Monday, Deputy Attorney General Todd Blanche quoted President Donald Trump’s pledge to “end the regulatory weaponization” of the cryptocurrency industry.

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