U.S. DOJ’s National Cryptocurrency Enforcement Team One Year In

A year ago next month, the U.S. Department of Justice announced the creation of the National Cryptocurrency Enforcement Team (NCET), building upon their Digital Currency Initiative (DCI),  with a mission to “to tackle complex investigations and prosecutions of criminal misuses of cryptocurrency, particularly crimes committed by virtual currency exchanges, mixing and tumbling services and money laundering infrastructure actors."

Over the course of the last year, the NCET, consisting of Criminal Trial Attorneys and Assistant United States Attorneys from across the nation, has worked with law enforcement partners to investigate and prosecute crypto-related cases. These cases have ranged from darknet mixing services to insider trading, ICO scams to national security threats.

Beyond investigations and prosecutions, the NCET has been charged with responding to President Biden’s crypto executive order as agencies grapple with how to regulate in the digital assets space.

This month, TRM Talks was joined by United States Digital Currency Counsels, members of both the DCI and NCET, to talk about DOJ’s focus on crypto and what comes next.

This podcast is hosted by TRM Labs, a blockchain analytics company. We work with crypto businesses, financial institutions and government agencies to monitor, detect and investigate fraud and financial crime in crypto. Learn more about our mission to build a safer financial system for billions of people here: https://www.trmlabs.com/about