Manhattan Prosecutors Revise Crypto Crime Tactics After Trump’s Latest Appointment

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Bitcoinist 12h ago

Manhattan Prosecutors Revise Crypto Crime Tactics After Trump’s Latest Appointment - Bitcoinist

Quick Summary:

The US Attorney’s Office in Manhattan is reportedly shifting its approach to crypto crime enforcement, allocating "fewer resources” to this area following a series of significant convictions, including that of FTX founder Sam Bankman-Fried.

He has promised to end the current “war on crypto” and proposed initiatives such as designating Bitcoin as a strategic reserve asset for the US to reduce the nation’s $36 trillion debt.

Overall, there is optimism among investors in the digital asset ecosystem as the incoming administration is poised to be a catalyst for further adoption and growth of digital assets, with the promise of new regulatory frameworks.