Trump Order Dismantles Crypto Enforcement Team Amidst Fraud Concerns
The US Justice Department’s recent disbanding of its crypto enforcement team, ostensibly due to a Trump administration order, has sparked widespread outrage and concern. The move, announced late one Monday night, raises serious questions about the government’s commitment to combating cryptocurrency fraud and the potential for rampant financial malfeasance.
This action immediately raises red flags. A dedicated team focused on crypto scams, a notoriously difficult area to police, has been effectively eliminated, leaving a gaping hole in efforts to protect consumers from potential exploitation. The timing is particularly troubling, occurring at a moment when cryptocurrency investment scams are proliferating, and individual investors are vulnerable to significant financial losses.… Continue reading
Matt Underwood