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Deputy Attorney General Todd Blanche published an official DOJ memorandum in April 2025 that marked a shift away from regulation-by-prosecution, instead emphasizing the Department’s focus on pursuing individual bad actors who use cryptocurrency services for criminal purposes, rather than prosecuting the platforms themselves
Deputy Attorney General Todd Blanche published an official DOJ memorandum in April 2025 instructing federal prosecutors to avoid initiating criminal cases in the digital assets space where regulations are vague or not clearly applicable, encouraging a shift away from enforcement-first strategies

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