The investigations that have been terminated include cases involving money laundering, fraud, and other financial crimes committed through the use of cryptocurrencies. According to sources familiar with the matter, the Justice Department has decided to shift its focus away from these cases in order to prioritize other law enforcement priorities.
Critics of the decision argue that it sends a message that the government is not taking the issue of cryptocurrency-related crimes seriously. They point out that digital currencies have been used by criminals to facilitate illegal activities such as drug trafficking, human trafficking, and terrorism financing.
However, supporters of the move argue that the Justice Department’s resources should be allocated to more pressing issues, such as terrorism and national security threats. They also argue that the decision does not mean that the government is giving criminals a free pass to engage in illegal activities using cryptocurrencies.
It remains to be seen how this decision will impact the overall enforcement of cryptocurrency-related crimes in the US, and whether the incoming Biden administration will take a different approach to this issue.
