According to CoinDesk, U.S. President Trump dismissed Attorney General Pam Bondi and appointed former personal attorney and Deputy Attorney General Todd Blanche as Acting Attorney General. Previously, while serving as Deputy Attorney General, Blanche disbanded the Department of Justice’s National Cryptocurrency Enforcement Team (NCET) and signed a memorandum instructing prosecutors to no longer pursue regulatory violations in the cryptocurrency industry. This memorandum was later cited by the U.S. Attorney’s Office for the Southern District of New York in the case against Roman Storm, developer of Tornado Cash, ultimately leading to the dismissal of one of the charges. Notably, ProPublica revealed that at the time Blanche signed the cryptocurrency enforcement memorandum, he still held cryptocurrency assets valued between approximately $159,000 and $485,000—including BTC, ETH, SOL, and ADA—potentially violating ethical rules and his prior pledge to divest his holdings before addressing cryptocurrency-related matters. His most recent government ethics disclosure filing shows that he has since transferred these cryptocurrency assets to the names of his children and grandchildren.
Trump appoints Todd Blanche, author of the crypto enforcement memo, as Acting Attorney General.
TechFlowShare
Summary
Trump has replaced Attorney General Pam Bondi with Todd Blanche, who authored a memo halting enforcement actions against the crypto industry. Blanche disbanded the DOJ’s NCET and issued guidance impacting cases such as Tornado Cash. ProPublica reported that he held significant crypto assets at the time of writing the memo, later transferring them to family members. His recent government ethics filing discloses these transfers, raising concerns about CFT compliance.
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