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should be your prime source.”- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Senate Democrats urge DOJ to revive crypto crime unit amid growing enforcement concerns
A small band of Senate Democrats is calling on the Trump administration to reinstate the cryptocurrency investigations unit at the Department of Justice (DOJ).
Six Democratic senators, led by Dick Durbin (Ill.), ranking member of the Senate Judiciary Committee, and including Elizabeth Warren (Mass.), ranking member of the Banking Committee, tried the power of the pen and wrote to Deputy Attorney General Todd Blanche asking him to reinstate the National Cryptocurrency Enforcement Team (NCET), to enforce federal laws against cryptocurrency and continue its prosecutions against the criminal use of crypto.
“It makes no sense for DOJ to announce a hands-off approach to tools that are being used to support such terrible crimes,” the senators wrote. “Drug traffickers, terrorists, fraudsters, and adversaries will exploit this vulnerability on a large scale.”
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