US crypto-critical senator Elizabeth Warren led six Senate Democrats in encouraging the Department of Justice to reverse its decision to end investigations and persecution divisions.
In a letter on April 10 to Deputy Attorney General Todd Blanche, senators said the decision to disband the national cryptocurrency team of the department was a “serious mistake” that would support “avoiding, drug trafficking, scam, and exploitation of sexual children.”
Senator Richard Durbin, Mazie Hirono, Sheldon Whitehouse, Christopher Coons and Richard Blumenthal signed the letter in addition to Warren.
On April 7, Blanche closed The DOJ’s crypto implementation team, which tells a memo that “the Department of Justice is not a regulator of digital assets.”
Senators claim that the decision has issued a “free pass to cryptocurrency money launderers” and claim that crypto Mixing services -It is used to obfuscate blockchain transaction-is “go-to tool for cybercriminals.”
“It doesn’t matter for the DOJ to express a hands-off approach to the tools used to support horrible crimes,” the letter said.
An excerpt of Democrat’s letter to the DOJ. Source: US Senate Committee on Banking, Housing, and Urban Affairs
Senators also questioned why the Department of Justice has decided not to persecute a “host of crimes involving digital ownership, including violations of the Bank Secrecy Act.”
They admit that it creates a “systematic weakness in the digital assets sector,” which “drug traffickers, terrorists, fraud, and opponents” exploit the large size.
Lawmakers have requested a staff-level briefing no later than May 1, providing “detailed information on the justification behind these decisions.”
Targeting the Efforts of the Crypto Family
The letter also took a mag -swipe with the Trump family Crypto projectssuggests potential conflicts of interest.
Related: Cited by SafeMoon Boss
A press release along with the letter Nakasa said that senators are raising concerns about the “potential connection” between the actions of the DOJ and the adventures of the crypto of President Donald Trump and his family.
The Trumps have an interest and that -the Crypto Platform of World Liberty Financial with its token is back. The platform also plans to launch a stablecoin while President Trump’s children Eric Trump and Donald Trump Jr., are working to launch a crypto-mining company called American Bitcoin.
“Your decisions bring concerns that President Trump’s interest in selling his cryptocurrency may be the cause of avoiding the investigation of law enforcement,” Democrats said.
In a memo announcing the disturbance of the crypto implementation team, Blanche accused the Biden Administration of the Justice Department’s use to “pursue a reckless approach of regulation by persecution.”
Magazine: The illegal arcade was identified as … a fake bitcoin mine? Soldier Scam in China: Asia Express
