todayonchain.com

Most Influential: Todd Blanche

CoinDesk
Deputy Attorney General Todd Blanche's memo directed the DOJ to stop prosecuting crypto cases that impose regulatory frameworks without clear agency guidance.

Summary

Deputy Attorney General Todd Blanche issued a four-page memo directing the Department of Justice (DOJ) to cease prosecuting crypto cases that "superimpose regulatory frameworks on digital assets" until regulatory agencies like the SEC or CFTC establish clearer guidelines. While the crypto industry praised this move to end "regulation by prosecution," its practical impact is difficult to measure, as prosecutors in high-profile cases involving Samourai Wallet developers and Do Kwon stated the memo did not apply to their actions. In the case of Tornado Cash developer Roman Storm, the DOJ only dropped one part of one charge. Nevertheless, Blanche’s memo signaled a potential shift toward a more crypto-friendly approach within the federal government compared to the previous administration.

(Source:CoinDesk)