One of the few Bitcoin whales willing to release public statements says a new enforcement framework from the US Department of Justice could have negative long-term ramifications on the crypto markets.
A new document from the DOJ entitled “Cryptocurrency Enforcement Framework” describes how multiple US agencies are working together to combat anyone who steals cryptocurrency or uses it to launder money or finance terrorism.
The framework, which is meant to describe how the DOJ enforces existing laws, asserts that the agency has the robust and sprawling authority to prosecute service providers and other entities that violate US regulations. The framework also states that the DOJ has the power to go after virtual asset service providers (VASPs) who violate US law “even when they are not located in the United States.”
The report says the DOJ considers the use of anonymous crypto assets such as Monero to be a “high risk activity” and cites