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The United States is undergoing a significant policy shift under President Donald Trump, with major developments in both cryptocurrency regulation and international trade. The Department of Justice has officially shut down its National Cryptocurrency Enforcement Team (NCET), a unit previously tasked with targeting crypto-related crime.  At the same time, the administration has introduced new import tariffs, including a 34% levy on Chinese goods, signaling a return to aggressive trade posturing. While critics warn of rising tensions and regulatory gaps, some analysts believe these measures are part of a broader strategy to reshape US positioning in both digital finance and global commerce. DOJ Disbands National Cryptocurrency Enforcement Team Amid Trump-Driven Policy Shift The Department of Justice (DOJ) is reportedly disbanding its National Cryptocurrency Enforcement Team (NCET), according to a leaked internal memo seen by Fortune and cited in a report released April 8. The four-page document, authored by Deputy Attorney General Todd Blanche, asserts that the Justice Department is “not a digital assets regulator,” criticizing the previous administration’s approach to crypto-related enforcement. The memo pointedly accuses the Biden administration of engaging in “regulation by prosecution,” a strategy Blanche described as reckless. The NCET, launched in October 2021 under President Joe Biden, was tasked with investigating and prosecuting crimes involving cryptocurrency platforms and digital asset service providers. At the time, then-Deputy Attorney General Lisa Monaco framed the unit as a necessary step to “dismantle the financial ecosystem” supporting digital asset–related crime. Since becoming operational in February 2022, the NCET played a significant role in targeting crypto-related fraud, sanctions evasion, ransomware payments, and money laundering schemes. The timing of the disbandment is no coincidence. The move comes just months after President Donald Trump signed an executive order in January reshaping US crypto policy, part of a broader effort to position the United States…

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Filed under: News - @ April 9, 2025 7:26 am