The DOJ’s pivot—ending regulatory crypto prosecutions, dissolving NCET, and focusing on real crime—could very well be the final nail in the coffin for the SEC’s case against R.Heart, HEX & PulseChain. No DOJ backing drastically reduces the likelihood of an amended complaint. Win.
Deputy Attorney General Todd Blanche: "Ending Regulation by Prosecution." “The Department of Justice is not a digital assets regulator.” “The Justice Department will no longer pursue litigation or enforcement actions that have the effect of superimposing regulatory frameworks on digital assets..” "Ongoing investigations that are inconsistent with the forgoing should be closed." "The National Cryptocurrency Enforcement Team (NCET) shall be disbanded effective immediately."