DOJ Report Details Its Approach to Law Enforcement Involving Digital Assets

On March 9, 2022, President Biden issued Executive Order 14067 on responsible development of digital assets, which directed the Attorney General to submit a report on the role of law enforcement in addressing criminal activity involving digital assets and to recommend any desirable associated regulatory or legislative actions. On September 16, 2022, the DOJ issued its report, The Role Of Law Enforcement In Detecting, Investigating, And Prosecuting Criminal Activity Related To Digital Assets (Report), which was prepared by the DOJ’s National Cryptocurrency Enforcement Team in consultation with the Departments of the Treasury and Homeland Security, and with input from federal regulatory agencies. The Report follows the DOJ’s June 2022 report on international law enforcement cooperation regarding digital assets, which was also created pursuant to the Executive Order. It also serves as an update to the DOJ’s 2020 cryptocurrency enforcement framework. This article details the key takeaways from the Report. See “Crypto Attorneys to SEC: Talk to Us” (Jun. 9, 2022); and “Recent Regulatory and Market Developments Affecting Digital Asset Funds and Digital Securities” (Jul. 22, 2021).

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