Democratic legislators have taken the step of the Ministry of Justice to dismantle the National Cryptocurrency Enforcement team and to call the decision “nonsensical” and a gift to bad actors.
Senator Elizabeth Warren of the United States, together with six other Senate Democrats, sent a highly formulated letter to deputy attorney -general -general -general -general -general -general -general at the doj to reverse what they described as a dangerous and miserable shift in enforcement policy.
The return follows Blanche’s Memo of 7 April, which formally dissolved the National Cryptocurrency Enforcement Team from the Doj.
In the memo, Blanche defended the move by claiming that the Doj is ‘not a digital assets regulator’ and criticized the approach to the previous administration as a ‘reckless strategy of regulation through prosecution’.
He has also instructed DOJ employees to concentrate less on matters in which crypto exchanges, mixers and offline portfolios are involved and, instead, give priority to persecutions against persons who are directly victims of digital assets investors.
In their letter, the laws argued that the withdrawal of enforcement opens the door to sanctions discharge, drug trafficking, scam and exploitation of children, a large part of whom, is facilitated by crypto mixtures that have been designed to hide the origin of illegal funds.
The National Cryptocurrency Enforcement Team dealt some of the largest crypto matters in the US, including the money laundering case against the cryptocurrency mixing platform Tornado Cash.
The letter described the approach of the memo as a “free pass for cryptocurrency money waxers.”
The senators also criticized the DOJ’s decision to stop the Bank Secrecy Act violations, and warn that “DOJ’s responsibility would decrease to maintain federal criminal law” in the digital assets sector.
They argued that this undermines the existing anti-Witwaspressentions and creates a “systemic vulnerability” that drug traders, terrorists and fraudsters will operate “on a large scale”.
The letter also emphasized with the success of NCET since its formation in 2021, referring to several controversial convictions, robberies of millions of dollars and support for national and local agencies. The team dissolves, she claims, weakens the ability of the law enforcement to handle complex crypto matters.
By adding a political perspective, the legislators also wondered whether President Donald Trump’s crypto companies have influenced the DOJ’s decision.
Trump Family -backed projects have received criticism in recent months. World Liberty Financial, who launched his own cryptocurrency last year and plans to introduce a stablecoin, has confronted with control over the substantial control and potential conflicts of the Trump.
“Why would you dismantle a team that is such an important player in combating cryptocurrency-based crime? You give decisions to concern that President Trump’s interest in the sale of his cryptocurrency may be the reason to facilitate the investigation of law enforcement,” wrote the lawners.
“We urge you to reconsider these decisions,” the senators and asked to explain a briefing at staff level before 1 May to explain the reason behind the DOJ movement and the potential impact on crypto-related criminal enforcement.
Warren, a vocal critic of cryptocurrencies, has recently been hired behind various Republicans about their crypto tires, including Trump’s AI and Crypto Czar David Sacks and Commerce Secretary nominated Howard Lutnick.
