The Ministry of Justice says it will withdraw in the pursuit of cryptocurrency

In case you had doubts, the golden age of crime with white collars is on us. The Ministry of Justice announced on Monday that it would stop regulating the digital assets space instead of focusing its efforts on pursuit crimes that use cryptocurrency, such as drug trafficking and people.

The news comes shortly after President Trump has delivered pardons to people from the crypto industry, including Silk Road founder Ross ulbricht And recently the leaders of cryptocurrency exchange BitmexS The founders of this exchange were sentenced to prison for failing to maintain the money laundering and identity check systems. Former President Biden’s Ministry of Justice said Bitmex essentially functions as a “money laundering platform”, allowing illegal funds to run without proper diligence.

But now the exchange as bitmex will be empowered to carry out schemes without accountability, and criminal operations like North Korea scandalous hacker He will be able to drink illegal agents of greater ease. The Ministry of Justice says it will still pursue the people in the crypto industry who decorate investors, although the pardon of President Trump by the founder of Nicolas Trevor Milton and switching to Ozy’s Carlos Watson– And from which investors have grossly deceived – it does not give the loan this statement a lot of faith.

According to Washington PostDeputy Prosecutor General Todd Blanche also advised prosecutors that the department will dispel its national cryptocurrency team, which was established in 2022 to “address the challenge posed by criminal misuse of cryptocurrencies and digital assets.” Cryptocurrencies are a popular new fraud vector as money can be sent through exchanges with cool customer control, while in the traditional banking world, every transaction over even $ 10,000 is checked and banks are careful to explore the origin of the funds. Internal industries claim that physical money is a popular method of fraud.

Trump Himself is Closely Tied to the Cryptocurrency Industry, Having Minted Its Own Memcoin Before the Inauguration and, Along With His. Announted in March Plans to Create A “Strategic Reserve” of Cryptocurrency Using Coins in Criminal Prosecutions, and Plan Which ostensibly Legitimizes the Industry, But Also Rece Cryptocurrencies are Highly volatile. The sale of seized bitcoins and other cryptocurrencies can be connected immediately, while the price of cryptocurrencies in the reserve may fall.

Trump’s family also stocked cryptocurrencies before President’s official messages to loosen cryptocurrencies. Eric Trump insists the family do not communicate With the White House in terms of their cryptocurrencies, although it is not really necessary – it is obvious for everyone how investments made in the cryptocurrency industry from the family position to win.

President Trump will launch regulations for the industry, which has not created anything economically productive and still remains a form of gambling and ruthless optimism that the price will continue to rise. Even Sam Bankman fried, gave way to a A recent prison interview that cryptocurrencies are still complicated and not useful for everyday people. However, they are great for fraud and the new term of the Ministry of Justice will make them even more. LAX police also need to help prices rise as companies like Coinbase and Robinhood are less in the way of offering new products.

The crypto industry failed to produce anything useful and spent hundreds of millions To choose a president who will maintain the price. Now they will not go to prison. It was obviously a good bet.