Increased Scrutiny for the Crypto Industry: DOJ Creates a Special Enforcement Team as Regulators Sharpen their Focus

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The cryptocurrency industry should brace itself for increased scrutiny from the DOJ and other enforcement agencies. The DOJ recently announced the creation of a National Cryptocurrency Enforcement Team (“NCET”), which will have the authority to tackle investigations and prosecutions of criminal misuses of cryptocurrency. NCET will not only pursue its own cases but will work closely with other federal agencies, subject matter experts, and law enforcement partners throughout the government to support existing and future cases across the country.

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