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Apr 15, 02:31 PM
Trump Administration Scales Back White-Collar Crime Enforcement, DOJ Disbands Crypto Unit, Ending Foreign Bribery and Money Laundering Focus
Law
Regulation
Politics
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Crypto

Trump Administration Scales Back White-Collar Crime Enforcement, DOJ Disbands Crypto Unit, Ending Foreign Bribery and Money Laundering Focus

Authors
  • CoinDesk
  • wallstreetbets
  • Times Algebra
16

The Trump administration is scaling back its enforcement of white-collar crimes, particularly in the areas of foreign bribery, public corruption, money laundering, and cryptocurrency markets. This shift, confirmed by multiple sources, includes the disbanding of the U.S. Department of Justice's (DOJ) crypto-specific enforcement unit, which will now focus on clear cases of fraud and criminal activity rather than broader regulatory violations. The administration is redefining what constitutes criminal business conduct, which could impact ongoing cases and the regulatory landscape for cryptocurrency firms. The U.S. Securities and Exchange Commission (SEC) is also reportedly ending numerous lawsuits and investigations against major crypto companies, signaling a departure from the previous regulatory approach under former Chair Gary Gensler. This new pro-crypto stance may benefit firms such as Adani Group and Cognizant, as well as others involved in the cryptocurrency space.

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