The department won’t pursue cases it feels are better left to financial regulators, focusing instead on crimes committed with cryptocurrency.

The administration continues to strip back oversight of an industry that poured tens of millions of dollars into the 2024 election - and is making Trump richer

The U.S. Justice Department is disbanding its National Cryptocurrency Enforcement Team and ordering prosecutors to narrow crypto investigations to focus on drug cartels and terrorist groups, according to a memo seen by Reuters.