BlockBeats message, April 3, after Trump removed Attorney General Pam Bondi from office, he appointed former private attorney and Deputy Attorney General Todd Blanche as acting Attorney General. Todd Blanche previously, while serving as Deputy Attorney General, disbanded the Department of Justice’s National Cryptocurrency Enforcement Team (NCET), and signed a memorandum directing prosecutors not to pursue regulatory-violation cases in the crypto industry; that memorandum was cited by the Office of the U.S. Attorney for the Southern District of New York in the Tornado Cash developer Roman Storm case, ultimately leading to one of the charges being dismissed.
Notably, when Blanche signed that crypto enforcement memorandum, he still held crypto assets worth approximately $159,000 to $485,000 (including BTC, ETH, SOL, ADA, etc.), allegedly violating ethics rules and his earlier commitment to divest assets before handling matters related to the crypto space. Blanche’s latest U.S. government ethics disclosure filing shows that he has transferred the relevant crypto assets into the names of his children and grandchildren.
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