Senators Question Deputy Attorney General's Crypto Holdings Amid Regulatory Changes

Six Democratic senators have raised concerns about Deputy Attorney General Todd Blanche's potential conflict of interest due to his significant cryptocurrency holdings. According to NS3.AI, Blanche is accused of easing regulatory enforcement on cryptocurrency while possessing substantial crypto assets. His recent memo led to the disbandment of the Department of Justice's National Cryptocurrency Enforcement Team and halted criminal investigations into various crypto-related activities. The senators have pointed to an increase in illicit cryptocurrency use and are demanding transparency regarding Blanche's delayed divestment from his crypto holdings. They are also seeking clarity on his communications with the cryptocurrency industry. The situation has sparked a debate over the ethical implications of holding crypto assets while influencing regulatory policies.