The recent memo from the Department of Justice (DOJ) has sparked significant debate regarding its implications for cryptocurrency enforcement. Released in April 2025, the memo coincided with the disbanding of the National Cryptocurrency Enforcement Team, raising alarms among lawmakers and industry experts alike. The material draws attention to the fact that this shift could lead to a more fragmented approach to regulation in the crypto space.
DOJ's New Memo on Cryptocurrency Platforms
The DOJ's memo advises prosecutors to refrain from targeting cryptocurrency platforms based on the actions of their users. This shift in policy has prompted concerns that it may inadvertently facilitate an increase in financial crimes, particularly as lawmakers fear a rise in illicit activities within the crypto space.
Concerns from Critics
Critics of the memo argue that the new guidelines could embolden criminal enterprises, especially those involved in money laundering. They point to a noticeable uptick in crypto-related offenses since the memo's release, suggesting that the lack of enforcement against platforms may be contributing to the proliferation of such activities.
In a related development, South Korea has recently approved amendments to enhance oversight of major shareholders in the crypto sector, aiming to improve anti-money laundering efforts. For more details, see read more.
