US Department of Justice revokes cryptocurrency division, Trump further relaxes regulation on digital assets According to Fortune magazine, the US Department of Justice notified employees on Monday evening that the agency is disbanding a department specifically responsible for cryptocurrency related investigations. In a four page memo reviewed by Fortune magazine, US Deputy Attorney General Todd Blanche announced this decision, stating that "the Department of Justice is not a digital asset regulatory agency. However, the previous government used the Ministry of Justice to implement a strategy of reckless regulation through prosecution Blanche is the second highest ranking official in the Department of Justice and also the defense lawyer for Trump during his 2024 criminal trial. He wrote that as part of the Department of Justice's efforts to comply with Trump's January executive order on digital assets, the National Cryptocurrency Enforcement Agency (NCET) "immediately" disbanded, which aims to "establish regulatory clarity for the industry. As part of Monday's memo, Blanche instructed Justice Department employees to focus on "prosecuting those who harm digital asset investors" rather than pursuing cases involving cryptocurrency exchanges, mixers like "Tornado Cash," and "offline wallets.