Lates News

According to CoinDesk, Donald Trump appointed former private lawyer and Deputy Attorney General Todd Blanche as acting Attorney General after firing Attorney General Pam Bondi. Todd Blanche had previously disbanded the Department of Justice's National Cryptocurrency Enforcement Team (NCET) and signed a memorandum instructing prosecutors not to pursue regulatory violations in the cryptocurrency industry while serving as Deputy Attorney General. This memorandum was cited by the Southern District of New York prosecutor's office in the case of Roman Storm, the developer of Tornado Cash, ultimately leading to one charge being dropped. It is worth noting that Blanche still held cryptocurrency assets worth between $159,000 and $485,000 (including BTC, ETH, SOL, ADA, etc.) at the time of signing the cryptocurrency enforcement memorandum, which raises concerns about potential violations of ethical rules and his previous commitment to divest assets before handling cryptocurrency-related matters. The latest U.S. government ethics disclosure documents show that Blanche has transferred the relevant cryptocurrency assets to the names of his children and grandchildren.