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US DOJ wants to employ an attorney for its crypto enforcement team

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TL;DR Breakdown

  • US DOL set to appoint attorney to head NCET, its crypto enforcement team.
  • Attoney appointment, a strategy to combat illicit use of crypto.

The Department of Justice (US DOJ) has rolled out vacancy for an attorney who would head its National Cryptocurrency Enforcement Team (NCET).

The US DOJ crypto enforcement team would be focused on “supporting, investigating, and prosecuting crimes involving cryptocurrency and to lead the Department’sDepartment’s efforts to reduce the use of cryptocurrency as a criminal tool. The attorney would act as the director of the team.

US DOJ attorney strategic role

The director would lead a team of attorneys who would set strategic priorities to investigate crypto and enforce cases with the help of U.S. Attorney’sAttorney’s Offices and investigative agencies, as well as maintaining relationships with federal, state, and local branches of law enforcement to coordinate the sharing of information and strategies among them.

The team would also work alongside bodies, like the Financial Crimes Enforcement Network (FinCEN) and the Securities and Exchange Commission (SEC).

Whoever they appoint as director would also foster private sector relationships to aid enforcement.

The whole strategy by the US DOJ and the NCET is part of the move by the US to combat the use of cryptocurrency as an illicit tool.

See also  Britain plans to take on the US as a global crypto hub — but can they?

According to its criteria, whoever the DOJ employs must be somebody with extensive knowledge” of crypto and blockchain technology. The perish also must understand white-collar and money laundering statutes.

DOJ’s NCET team

The NCET team was recently created primarily to investigate cryptocurrency-related crime in the US. They would handle investigations of “crimes committed by virtual currency exchanges, mixing and tumbling services, and money laundering infrastructure actors.

According to the DOJ, the NCET would provide blockchain and cryptocurrency transactions expertise for the Justice Department and other US government agencies.

NCET and whoever leads it would report directly to the Assistant Attorney General Kenneth Polite Jr., who would be the supervising official of the team.

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