The U.S. Justice Department is disbanding its National Cryptocurrency Enforcement Team, shifting focus away from complex crypto-related cases involving banking and securities law. Deputy Attorney General Todd Blanche stated that the department is not a digital assets regulator and criticized the previous administration’s approach of regulation through prosecution. The new strategy will concentrate on targeting individuals and entities involved in criminal activities such as human trafficking, drug running, or terrorism using digital assets. This move aligns with broader priorities under the current administration, including tackling illegal immigration, gangs, and drug crimes. — new from AP News
