During his campaign, Donald Trump promised to ease up on crypto enforcement, which is now likely to happen as Trump changes policy at the Justice Department and regulatory agencies. Crypto fraud cases won’t be ignored, but they won’t be a priority either. Instead, the focus of government agencies will shift towards areas such as immigration law enforcement.
The U.S. Attorney’s Office in Manhattan will dedicate fewer resources to crypto-related crimes, meaning fewer prosecutors will work on such cases. The Securities and Commodities Task Force currently has 16 prosecutors and hopes not to have the resources reduced further. It is also likely that the Commodity Futures Trading Commission (CFTC) will follow suit, with crypto-related cases decreasing from accounting for nearly half of its docket.
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