Justice Dept. says it will pull back on litigating cryptocurrency fraud

[essentialsaltes]

https://www.washingtonpost.com/national-security/2025/04/08/trump-crypto-fraud-doj-enforcement/

In a memo sent to the Justice Department on Monday night, Deputy Attorney General Todd Blanche said the department will no longer participate in regulation in the digital asset space and will instead focus on crimes that people commit with cryptocurrency, such as dealing narcotics and human trafficking.

 

[iluvatar5150]

https://www.washingtonpost.com/national-security/2025/04/08/trump-crypto-fraud-doj-enforcement/

In a memo sent to the Justice Department on Monday night, Deputy Attorney General Todd Blanche said the department will no longer participate in regulation in the digital asset space and will instead focus on crimes that people commit with cryptocurrency, such as dealing narcotics and human trafficking.

Is this how you drain the swamp?

 

[Say it aint so]

I can't think of a bigger apparatus for both criminal transactions and money laundry than cryptocurrency.

 

[Hans Blaster]

How do you distinguish cryptocurrency fraud from "regular" cryptocurrency activity? Its all meme coins and pump and dump schemes.

 

[Fantine]

https://www.washingtonpost.com/national-security/2025/04/08/trump-crypto-fraud-doj-enforcement/

In a memo sent to the Justice Department on Monday night, Deputy Attorney General Todd Blanche said the department will no longer participate in regulation in the digital asset space and will instead focus on crimes that people commit with cryptocurrency, such as dealing narcotics and human trafficking.

And how many millions in campaign funds did Trump receive for that to happen?

 

[essentialsaltes]

And how many millions in campaign funds did Trump receive for that to happen?

The return of President-elect Donald Trump and a potential GOP Congress are delivering a dream-come-true scenario for crypto executives and investors who spent more than $130 million on the 2024 elections.

[I believe that's from a specific superPAC. Individual cryptobros gave many more millions.]

 

[Aryeh Jay]

Lots of conspiracy nonsense, I know that the Donald and Melina crypto are going to pay off big!

 

[Hans Blaster]

And how many millions in campaign funds did Trump receive for that to happen?

It wasn't the campaign donations...

 

[Laodicean60]

I think it should be.

"The department won’t pursue cases it feels are better left to financial regulators"

 

[Hans Blaster]

I think it should be.

"The department won’t pursue cases it feels are better left to financial regulators"

Which one of those is in charge of pseudo money?

 

[Laodicean60]

Which one of those is in charge of pseudo money?

Give it any name you wish, but it's still money.

 

[Hans Blaster]

Give it any name you wish, but it's still money.

who regulates it?

 

[Aryeh Jay]

who regulates it?

Hawk Tua?

 

[FireDragon76]

Give it any name you wish, but it's still money.

Money is issued by a sovereign entity. Cryptocurrency is no more money than the stuff that comes bundled with Monopoly.

 

[Hans Blaster]

Money is issued by a sovereign entity. Cryptocurrency is no more money than the stuff that comes bundled with Monopoly.

(Incoming! "Gold is money" screed.)

 

[DaisyDay]

As Coffeezilla (or Voidzilla) says, crime is legal!

 

[Aryeh Jay]

(Incoming! "Gold is money" screed.)

Only the best gold is made into money.

 

[Laodicean60]

Money is issued by a sovereign entity

Are you talking about the US Dollar, currency?

What Is Money?​

Money is any item or medium of exchange that symbolizes perceived value. As a result, it is accepted by people for the payment of goods and services, as well as for the repayment of loans. Economies rely on money to facilitate transactions and to power financial growth. Typically, it is economists who define money, where it comes from, and what it's worth. Here are the multifaceted characteristics of money.

Key Takeaways​

• Money is a medium of exchange. It allows people and businesses to obtain what they need to live and thrive.
• Bartering was one way that people exchanged goods for other goods before money was created.
• Like gold and other precious metals, money has worth because it represents something valuable.
• Fiat money is government-issued currency that is not backed by a physical commodity but by the stability of the issuing government.
• Above all, money is a unit of account - a socially accepted standard unit with which things are priced.

(Incoming! "Gold is money" screed.)

Precious metal also Hans. But it wouldn't be a bad idea to buy a 1/4 gram when you have the spare change. Store of value for hard times, just saying.

 

[Laodicean60]

Mine is prettier.

 

[Laodicean60]

Or you could buy quarter oz. gold at SD Boullion.