The US Department of Justice dismantled the National Cryptocurrency Enforcement Unit (NCET) and coincided with the team behind Melania Memecoin and offered a $ 30 million coin from the community fund. This move raises questions about ethical interests and timing, especially when Trump participated in the encryption market.
Strategy
In the memo, the former lawyer of TODD Blanche and Trump, a vice minister of the Trump administration, said DOJ informed employees about the dissolution of the cryptocurrency survey department on Monday.
According to the memo, DOJ is currently instructing federal prosecutors to focus on the protection of investors, not for platforms such as exchange or personal information protection tools.
The department has been in charge of cryptocurrency crimes, including money laundering and cyber crimes since 2021.
It played an important role in famous cases such as the prosecution of Abraham Eisenberg, a hacker who was guilty of manipulating the market in April of $ 11 million, a tornado -based encryption -oriented encryption -based encryption -oriented encryption -based encryption -oriented encryption -oriented encryption mixer for $ 1 billion.
From execution to investor protection
The closure of NCET reflects changes in the US Cryptocurrency regulations. Under the BIDEN administration, the government focused on cryptocurrency developers and personal information protection services, raising concerns about over -regulation within the Crypto community.
Now, according to the Trump administration, we have focused on protecting individual investors from fraud.
Wider change
The dismantling of NCET fits a wider tendency to reduce the supervision of the encryption sector. Executive commands already restrict the restrictions on SEC and CFTC, indicating a regulatory environment that will help to encrypted growth.
Trump has been advocating for a long time for preferring the encryption industry athletes who promise a more favorable environment during the presidential campaign.
Ethical interests and Trump’s encryption moves
Determination of DOJ caused a mixed reaction.
As podcaster Tim Miller mentioned in X, “The president operates a cryptographic fraud that can receive millions of dollars anonymously. On the other hand, DOJ closed the cryptographic department. In our history, this corruption system came out at least out of the White House.”
According to Bubblemaps, a blockchain analysis company, DOJ’s movement has sold $ 30 million coins by the Melania Memecoin team connected to First Lady Melania Trump.
Melania token, which began in January after Trump’s inauguration, surged more than $ 12 before it crashed, reflecting the trajectory of Trump’s official Trump (Trump) meme coin. The latter recorded more than $ 72 before falling to $ 7.9 in April.
Trump -related organizations earned about $ 100 million in trading fees in just two weeks and amplified ethical concerns about potential conflicts of his encryption venture.
Why this is important
The dismantling of the DOJ password unit shows a pivotal change in US encryption regulations, especially because Trump remains close to behavior, raising a wider question about the intersection of policies and personal interests.