Senators dey Criticize DOJ for Disbanding Cryptocurrency Team, Dey Fear say Crime go Increase
One group of Democratic Senators, wey Elizabeth Warren lead, dey criticize the Department of Justice decision to scatter their National Cryptocurrency Enforcement Team (NCET). The lawmakers dey argue say this move fit cause cryptocurrency crimes like money laundering and sanctions evasion to increase. Elizabeth Warren and six other senators don write letter to Deputy Attorney General Todd Blanche, dey urge am to review this policy change. Blanche defend the closure, say DOJ suppose focus on to prosecute individuals wey dey directly harm crypto investors instead of to dey act as digital assets regulator. NCET bin don play important roles before for major cases, including actions against Tornado Cash alleged money laundering. On top of that, dem raise concerns about possible connections to former President Trump crypto-related activities and potential conflicts of interest. The senators don request comprehensive explanation of DOJ decision and the impacts by May 1, dey fear say the restructuring fit weaken regulation enforcement for inside the crypto space.
Bearish
Di DOJ decision to scatter National Cryptocurrency Enforcement Team, pipu dey see am as something wey fit make bad bad things like money laundering plenty for inside crypto world, and dis one fit weaken how dem dey control things. Dis worry, especially as Democratic lawmakers point am out, dey show say dem no too trust how dem dey regulate things, and dis fit bring confusion for market. Dat confusion fit make investors no trust market again, and e fit even make market no grow well for short to medium term. For long time now, if dem change regulation wey be like say dem dey soft or e no do well, e dey make investors dey fear, and dis one dey make market fall.