CandleFocus New York to reduce crackdown on ‘crypto’ crime
2024-11-21
Author: Content Editor
The United States Attorney's Office for the Southern District of New York (SDNY) will be reducing its focus on cryptocurrency crimes as it shifts its resources to higher priority areas under the Trump administration. Scott Hartman, co-chair of SDNY's Securities and Commodities Fraud Task Force, stated that the office has brought several important fraud cases in the cryptocurrency sector but lacks resources. The SDNY has ongoing cases against cryptocurrency criminals, but it is likely to conclude them selectively. The Commodity Futures Trading Commission (CFTC) is also expected to decrease its efforts in the cryptocurrency space. The Trump administration aims to reallocate resources and change personnel to prioritize other sectors such as immigration.
Related News
Don’t Expect a Bitcoin Dip Before Big Break of $100,000, According to Quant Analyst PlanB – Here’s Why South Korea-Based Bithumb Exchange Announces Listing of These Altcoins in Spot Trading! Bitcoin Nears $98,000, Just 2% Away From Six Figures ETF store president Nate Geraci hints at upcoming spot ETFs ‘Should XRP Holders be Worried,’ Analyst Predicts XRP Next Direction Ethereum Co-Founder Vitalik Buterin Made a Surprise Altcoin Purchase! Analyst Reveals How High Cardano Price Can Rise, Here Are The Targets Bitcoin Price Blasts Past $97,000 as Futures Hint at More Room to Run Bitcoin Futures Smash Through $100K Barrier on Deribit Nvidia Q3 Revenue Soars 95% to $35.1 Billion, Exceeding Expectations Worldcoin’s biometric gamble is a privacy time bomb Crypto Scam Epidemic: US Founders Responsible for Nearly Half of All Scam Projects ‘Very Strong Moves’ – Analyst Sees Rallies for Solana Rival, Updates Forecast for Two Ethereum-Based Altcoins Floki price prediction: golden cross forms as token burn surges South Korea confirms North Korea behind $50M Upbit hack Dogecoin Stabilizes Above $0.35 And Continues Its Uptrend Litecoin (LTC) at a Crossroads: Can It Rebound and Rally? XRP’s $1 at risk? As trading volume drops 77%, concerns rise DeFi, gaming will be ‘most positively affected’ by Trump: Sky Mavis POPCAT – Why a new ATH is possible despite 22% fall in memecoin’s value Solana Price Forecast: Traders move 6.7B SOL as bulls target all-time highs Onchain Analyst: Binance Taps Cold Wallet Reserves as Bitcoin Outflows Spike Schindlers Digital Assets Launches Real Estate Purchases With Crypto in South Africa A New Frontier: Court Authorizes Service of Process Through NFT Airdrop ? Bitcoin Tops ATH of $96,958; Polymarket, Kalshi BTC Odds Rise Binance Warns of Fake Tokens Exploiting Its Name Cardano Price Prediction For November 21: 43% ADA Rally on Cards Today DLT-based SNB Bills to be settled in wholesale CBDCs Why Tron Founder Bought a Duct Taped Banana for $6.2 million? US charges 5 crypto hackers in $11M scheme linked to ‘Scattered Spider’ Renowned Analyst Forecasts Ethereum Surge to $10K New ATH in Bitcoin, Very Close to $100K! Here is the New Record and What You Need to Know! XRP Price Prediction For November 21 DOGE Price Rally: Will Dogecoin Break Its 2021 All-Time High SHIB’s Large Transactions Surge by 98%, Buy Sign or What? XRP 4 Days of Sleep: What's Next? Dogecoin (DOGE) Hints at Double Top Pattern Formation, Pepe (PEPE) Loses 21% in 6 Days, But There's Still Chance CEX.IO Updates Its Trading Platform For Enhanced Liquidity Aggregation JPY is ‘backed by hostages’ — crypto exec Koji Higashi Dogecoin Slows Following Monster Gains—What Happened? New York to reduce crackdown on ‘crypto’ crime Bitwise Enters Spot Solana ETF Race with SEC Filing, What’s Next? ? Bitcoin breaks above $95,000 for the first time as post-election momentum continues Just In: US DOJ Charges Five Hackers In $6.3M Crypto Hack & Corporate Data Breaches Apple rushes out patch fixing zero-day attacks on macOS systems Cardano’s Transaction Volume Hits $52.26B, a Seven-Month High Cardano Surpasses 8-Month High; Is ADA Targeting $1.24 Next? BitGo launches Singapore subsidiary to bolster services in APAC region Bitcoin reserve won’t solve US debt crisis: Think tank co-founder Crypto Investor Pockets $6.85M in $BTC Rally Using Tactical Trading