- Exchanges acting illegally or allowing illegal activity are being targeted.
- The DOJ wants to clear the criminals out of crypto.
- All exchanges, regardless of size, are in the firing line.
The U.S. continues to be a hostile regulatory environment for cryptocurrency exchanges and companies, with the Department of Justice (DOJ) now stating it is stepping up its own crackdown in the space.
Eun Young Choi, director of the DDOJ’s national cryptocurrency enforcement team, told the Financial Times that her squad is targeting crypto exchanges and the “mixers and tumblers” to try and stamp out illegal activities.
Are Exchanges in the Firing Line?
While it may be assumed that U.S. agencies are already targeting exchanges given the SEC’s moves against crypto, the DOJ’s mandate is to stamp out crypto crime.
The DOJ believes that exchanges and other companies are committing crypto crimes but also…
