PANews reported on April 8 that, according to Fortune magazine, the U.S. Department of Justice notified employees on Monday evening that the agency was disbanding a department dedicated to cryptocurrency-related investigations. In a four-page memo reviewed by Fortune magazine, U.S. Deputy Attorney General Todd Blanche announced the decision, saying: "The Department of Justice is not a digital asset regulator. However, the previous administration used the Department of Justice to implement a strategy of reckless regulation through prosecution." Blanche is the second-ranking official at the Department of Justice and Trump's defense attorney during his 2024 criminal trial. He wrote that as part of the Department of Justice's efforts to comply with Trump's January executive order on digital assets, the National Cryptocurrency Enforcement Unit (NCET) was "immediately" disbanded, which was intended to "establish regulatory clarity for the industry." As part of Monday's memo, Blanche instructed Department of Justice employees to focus on "prosecuting those who harm digital asset investors" rather than pursuing cases involving cryptocurrency exchanges, mixers like "Tornado Cash," and "offline wallets."