SWEEPING DOJ MEMO SIGNALS TURNING POINT
A new memo from the DOJ signals a shift away from prosecuting crypto intermediaries, narrowing enforcement to clear cases of fraud or national security risk and potentially leading to the closure or dismissal of ongoing investigations launched under the Biden administration. While industry advocates see this as a relief, critics warn it may weaken oversight and embolden misconduct, with civil agencies like the SEC and CFTC also adjusting their approach in response.