Six US senators have challenged Deputy Attorney General Todd Blanche over the decision to disband the Department of Justice's cryptocurrency enforcement team in April 2025. The senators cited a 162% increase in illicit crypto activity in 2025 as a reason to maintain the task force, which was initially established in 2022 under the Biden administration. The team had led significant investigations, including a probe into Binance and its founder Changpeng Zhao.
The senators, including Mazie K. Hirono and Elizabeth Warren, raised concerns about Blanche's potential conflict of interest, noting his substantial cryptocurrency holdings at the time of the decision. Blanche reportedly held between $158,000 and $470,000 in crypto assets, primarily Bitcoin and Ethereum, just before Trump's inauguration. The senators argue that Blanche's actions could violate federal conflict of interest laws and have called for an explanation of his motivations.
US Senators Question DOJ's Crypto Unit Shutdown Amid Rising Illicit Activity
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