Department of the judge.

The Trump administration dissolves a unit of the Ministry of Justice which was responsible for the survey of cryptocurrency crimes, criticizing the Biden administration as too aggressive against the rapidly growing industry.

In a memo published Monday evening, Todd Blanche, the deputy prosecutor general, denounced his predecessors for investigating the cryptocurrency operators in a way that he called “poorly designed and poorly executed”. Rather, he asked the ministry to reduce the objective of cryptocurrency surveys to crimes such as fraud, drug trafficking and terrorism.

The directive complies with the general embrace of President Trump of the cryptographic industry during his campaign and in office while he moves to relax the application.

The Trump family has expanded its commercial interests in industry, in particular by establishing a cryptographic company, World Liberty Financial. Shortly before taking office, Mr. Trump published his own same. And Trump Media & Technology Group, the social media company in which he is the majority shareholder, said that she was planning to introduce a number of digital asset investment products this year.

The Directive of the Ministry of Justice follows measures similar to the Securities and Exchange Commission, which rejected the current prosecutions and surveys involving questions in which cryptographic companies had not registered as exchanges. A number of dry lawyers on these cases have left the regulatory agency.

The SEC has also considerably reduced staff to an cryptography application unit. In politics, the SEC said that it would not seek to regulate the same because the digital assets of novelty are not titles.