Senators Demand DOJ to Rethink Crypto Blunders—The Stakes Are High!

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Oh, the outrage! Democratic leaders unleash their fury upon the DOJ for dismantling its crypto crime-fighting brigade, warning that this folly only serves to fuel the fires of laundering, evasion, and global chaos. 😱💸

Senators Unleash Their Wrath on DOJ’s Crypto Retreat

In a dramatic turn of events, Democratic lawmakers have cranked up the heat on the U.S. Department of Justice (DOJ), denouncing its audacious decision to disband a specialized crypto enforcement unit and abandon the pursuit of certain digital asset-related misdeeds. Because who needs law and order in the wild west of cryptocurrency, right? 🤷‍♂️

In a letter penned to Deputy Attorney General Todd Blanche on April 10, Senate Democratic Whip Dick Durbin (D-IL), alongside Senators Mazie Hirono (D-HI), Elizabeth Warren (D-MA), and a few others, urged the DOJ to “reverse the Department of Justice’s (DOJ) recent decisions to effectively terminate the Department’s cryptocurrency investigations and prosecutions.” Alarm bells rang as they lamented the disbanding of the National Cryptocurrency Enforcement Team (NCET), a unit birthed in 2021 to combat the nefarious misuse of digital currencies by criminals and those with dubious intentions.

These are grave mistakes that will support sanctions evasion, drug trafficking, scams, and child sexual exploitation. Because, you know, who cares about the little things? 🙄

They specifically took aim at the DOJ’s plan to turn a blind eye to cryptocurrency mixers and exchanges for actions taken by end users, warning that this could provide a cozy blanket for those complicit in laundering funds for hostile governments and organized crime networks. “It makes no sense for DOJ to announce a hands-off approach to tools that are being used to support such terrible crimes,” the lawmakers lamented, shaking their heads in disbelief.

The letter also raised eyebrows regarding potential conflicts of interest. The senators pointed out the ongoing involvement of President Donald Trump and his family in digital asset ventures as a possible influence on the DOJ’s shift in enforcement priorities. The lawmakers asserted:

Your decisions give rise to concerns that President Trump’s interest in selling his cryptocurrency may be the reason for easing law enforcement scrutiny. Because, of course, that’s how the world works! 😏

“We urge you to reconsider these decisions,” they concluded, perhaps hoping for a miracle. The senators have requested a detailed briefing from DOJ officials by May 1 to explain the rationale behind the changes and their projected impact on federal crime prevention. Fingers crossed! 🤞

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2025-04-13 05:57