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> prior Administration used the Justice Department to pursue a reckless strategy of regulation by prosecution What was the idea before? It wasn't necessarily i
by rdtsc 2y ago
> prior Administration used the Justice Department to pursue a reckless strategy of regulation by prosecution
What was the idea before? It wasn't necessarily illegal but they prosecuted it anyway?
> Executive Order 14178 requires the Justice Department to prioritize investigations and prosecutions that involve conduct victimizing investors, including embezzlement and misappropriation of customers’ funds on exchanges, digital asset investment scams, fake digital asset development projects such as rug pulls, hacking of exchanges and decentralized autonomous organizations resulting in the theft of funds, and exploiting vulnerabilities in smart contracts. Such enforcement actions are important to restoring stolen funds to customers, building investor confidence in the security of digital asset markets, and the growth of the digital asset industry.
I guess before anyone using these crypto services was a target for prosecution and now they are not, just by the virtue of using them.
- wmf 2y agoBefore they prosecuted 1% of crypto scams and now they're going to prosecute 0%.