U.S. senators are now challenging the Justice Department's decision to dismantle its cryptocurrency enforcement team, believing there's a troubling conflict of interest involved. These lawmakers contend that this action raises critical concerns about whether personal agendas might be swaying federal enforcement priorities within the crypto sector. They're insisting on transparency and clear explanations for why this specialized unit—originally established to combat digital currency crimes—is being dissolved precisely when cryptocurrency fraud and misconduct cases are surging. Moreover, the senators fear that eliminating this team could seriously undermine the government's capacity to pursue bad actors operating in the cryptocurrency landscape, thereby leaving investors and everyday citizens increasingly exposed to scams and criminal conduct. This controversy underscores mounting friction between regulators and the fast-moving digital asset industry.
U.S. senators challenge DOJ decision, alleging conflict of interest in cryptocurrency enforcement team's closure.
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