Published
5 years ago on
July 12, 2018
“We expect to focus on cases involving fraud against the government, the financial markets, and consumers; procurement and grant fraud; securities and commodities fraud; digital currency fraud; money laundering; health care fraud; tax fraud; and other financial crimes.”See the full article for yourself, here. The focus of this arm of the DOJ will be to investigate cryptocurrencies to provide recommendations to Trump with regards to future legislation that could be put in place to ensure that instances of crime and fraud within cryptocurrencies are reduced. Given the authoritarian approach of Trump and comments from authorities at the end of 2017, we had expected Trump to come down hard on cryptocurrencies sooner rather than later, even so through with this move, it seems as if Trump is still open to the idea of crypto, whilst he wants to ensure crime is reduced, he seems to want to allow cryptocurrency to remain a legal asset in the United States, for now at least. We can’t guess what will happen next once the UOJ get into the swing of things. We do expect some recommendations to be delivered to the White House soon enough and as a result of this move, we could see some legislation written in the coming months. Above all though, the United States still seem open to the idea of cryptocurrencies and thus, we can’t see any bans being implemented just yet.Featured Image Original Source: Wikipedia Investment Disclaimer
