Yesterday, the United States Justice Department announced the first director of the National Cryptocurrency Enforcement team (NCET), Eun Young Choi.
The NCET was established to identify and investigate criminal misconduct surrounding cryptocurrency and digital assets. Its primary focus is on virtual currency exchanges, mixing and tumbling services, infrastructure providers, and other entities enabling the misuse of cryptocurrency and related technologies to commit or facilitate criminal activity.
Christopher Warren, Managing Partner at Warren Law Group states, “The establishment of the NECT is likely the first formal announcement of many the SEC and DOJ will be rolling out over the next few months. The U.S. Government is strengthening its grip on regulating and enforcing the crypto markets and blockchain infrastructure. The government investigations and cryptocurrency team, Jon-Jorge Aras and David Rosenfield, at Warren Law Group, have their finger on the pulse of these developments.”
If you are under investigation by any federal or state regulator regarding your use of cryptocurrency in a prospectus, offering, raise, or transaction, you should seek legal counsel that is up to date with the latest developments in the government’s push to regulate the blockchain. Contact the attorneys at Warren Law Group at (866) WLGROUP or email email@example.com to schedule your complimentary consultation.