The U.S. Department of Justice has issued a memo from Deputy Attorney General Todd Blanche advising prosecutors to pause cases involving risk-on assets, including cryptocurrencies, until clearer regulatory frameworks are established. This directive has been met with approval from the crypto industry but has also sparked debate regarding potential gaps in Countering the Financing of Terrorism efforts. Legal experts suggest the DOJ may be awaiting further guidance from regulatory bodies like the SEC or CFTC.
Despite the memo, convictions in most ongoing cases continue, although defense teams have begun citing the memo in their arguments. This development is seen as part of a broader shift towards more crypto-friendly policies under the Trump administration, reflecting a changing landscape in the regulatory approach to digital assets.
U.S. DOJ Memo Urges Pause on Crypto Prosecutions, Sparks Debate
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