Odaily Planet Daily News The U.S. Department of Justice notified employees late Monday that the agency is disbanding a unit dedicated to cryptocurrency-related investigations. In a four-page memo reviewed by Fortune, U.S. Deputy Attorney General Todd Blanche announced the decision, saying: "The Department of Justice is not a digital asset regulator. However, the previous administration used the Department of Justice to implement a strategy of reckless regulation through prosecution." Blanche is the second-ranking official at the Department of Justice and Trump's defense attorney during his 2024 criminal trial. He wrote that the National Cryptocurrency Enforcement Unit (NCET) was "immediately" disbanded as part of the Department of Justice's efforts to comply with Trump's January executive order on digital assets, which was intended to "establish regulatory clarity for the industry." As part of Monday's memo, Blanche instructed Department of Justice employees to focus on "prosecuting those who harm digital asset investors" rather than pursuing cases against cryptocurrency exchanges, mixers like "Tornado Cash," and "offline wallets."