The recent announcement by the U.S. Department of
Justice (DOJ), under President Trump, that the National
Cryptocurrency Enforcement Team (NCET) is to be disbanded marks a
significant shift in the regulatory landscape surrounding digital
assets. The NCET was originally established to combat the rising
tide of cryptocurrency-related fraud and financial crime, the
unit's dissolution sends a clear message that enforcement
against cryptocurrency fraudsters is no longer a priority in the
government of the United States.
President Trump's removal of this agency reverses the
previous policy of oversight of the crypto industry and is part of
a broader deregulatory approach adopted by the Trump administration
which is designed to foster new innovation by reducing the
perceived time consuming regulatory burdens imposed on digital
asset platforms. However, while it is reasonable to suggest that
the crypto industry undoubtedly benefits from a healthy degree of
freedom,
