According to the latest report from Bloomberg, the U.S. Department of Justice will reveal significant cryptocurrency actions today. Attorney General Merrick Garland is slated to announce enforcement initiatives alongside the heads of the Treasury, the Deputy Attorney General’s office, and the CFTC.
Details are minimal regarding the nature of the cases or specific targets. But the Department of Justice said the joint press conference will unveil “separate but related cryptocurrency enforcement actions.”
Speculation surfaces regarding DOJ’s yet-to-release crypto actions
Speculation is swirling over whether significant players like Binance or Coinbase could be implicated in wrongdoing. Several probes related to money laundering and sanctions violations have already been underway involving substantial exchanges.
The DOJ event follows a series of recent landmark stablecoin seizures tied to criminal cryptocurrency infractions. Additionally, on Monday, Tether disclosed it had frozen $225 million worth of its USDT token utilized by an international human trafficking operation.
Tether assisted law enforcement, including the DOJ and Secret Service, mapping flows from the Southeast Asia-based pig butchering scam ring. In addition, the company framed the large-scale seizure as an example of cryptocurrencies enabling unprecedented transparency around illicit finance.
Tuesday’s announcements land as industry oversight ramps up on multiple fronts. Just this week, the SEC filed charges against crypto exchange Kraken.
This article was generated with the support of AI and reviewed by an editor. For more information, see our T&C.