The U.S. Department of Justice Increases Prosecutors to Investigate Crypto Crimes
The U.S. Department of Justice (DOJ) has announced plans to expand its team of prosecutors to investigate illicit activities related to cryptocurrencies. The National Cryptocurrency Enforcement Team (NCET) will now be integrated as a constant entity within a department division that deals with digital-related inquiries. The team’s leadership is also set for a shakeup, with Claudia Quiroz taking over as interim director. The DOJ believes that incorporating NCET within the Computer Crime and Intellectual Property Section (CCIPS) will provide the necessary resources and support to achieve better results in the fight against crypto crimes.
Key Points:
- The DOJ is increasing the number of prosecutors to investigate criminal activities tied to cryptocurrencies.
- The National Cryptocurrency Enforcement Team (NCET) will become a permanent entity within the DOJ.
- Leadership within the team is being reshuffled, with Claudia Quiroz as the new interim director.
- By integrating NCET within the Computer Crime and Intellectual Property Section (CCIPS), the DOJ aims to enhance its capabilities and achieve greater results.
- The DOJ’s focus on crypto crimes has intensified following the fall of FTX crypto exchange and the rise of illicit activities in the digital asset industry.
Hot Take: The U.S. Department of Justice recognizing the need to strengthen its efforts in investigating crypto crimes reflects the growing threat posed by malicious entities in the digital asset industry. By increasing the pool of available prosecutors and elevating the status of NCET, the DOJ shows its commitment to combating illicit activities and protecting national security. This move also highlights the importance of understanding cryptocurrencies and emerging technologies in the fight against crime. It is a necessary step to stay ahead in this digital battlefield.
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