Popular

Department of Justice announces crypto-focused 'enforcement team'

advertisement

A senior U.S. Department of Justice official said Wednesday that the department is forming a "National Cryptocurrency Enforcement Team" focused on cybercrime and money laundering.

Unveiled during the Aspen Cyber Summit, Deputy Attorney General Lisa Monaco said that the goal of the initiative was to "protect consumers."

"We want to strengthen our capacity to dismantle the financeable ecosystem that enables these criminal actors to flourish and to profit from what they're doing," Monaco remarked. Her statement at the Aspen event was live-streamed.

Her comments come just under a year after the DOJ published an "enforcement framework" focused on cryptocurrencies. Since then, the department has expanded its cryptocurrency efforts, focusing on money laundering and ransomware in particular. 

Monaco also said that the DOJ is launching an initiative focused on cyber fraud. 

Trending Stories

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

SEC said to allow first bitcoin futures ETF to trade in US: report

The U.S. Securities and Exchange Commission is said to be allowing the first Bitcoin futures exchange-traded fund (ETF), per a Bloomberg report. The publication said in a report on Thursday night that the U.S. regulator “isn’t likely to block the products from starting to trade next week,” citing people familiar with the matter. The report […]
Read Full Story
Oct 15, 2021, 2:54AM UTC
More