Community reacts to new DoJ crypto enforcement guidelines

Community reacts to new DoJ crypto enforcement guidelines

The new cryptocurrency enforcement guidelines by the Department of Justice (DoJ) have received a negative response from segments of the crypto community. 

Published earlier today by the attorney general for the U.S. William Barr, the DOJ report aims to address the “uniquely dangerous threats to public safety” cryptocurrency poses.

Citing the words “crime” or “criminal” 168 times in the 83-page document, many in the community have interpreted the DoJ’s position as a direct attack on crypto that labels the entire sector as an avenue for crime.

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Coinshares’ CSO Meltem Demirors described the policy document as “a commercial reel of every financial crime known in crypto,” asserting that the DoJ’s over-emphasis on providing examples of criminal use-cases for crypto fails to address the myriad of legitimate utilities for crypto assets.

This sentiment was echoed by many on Twitter, with fairly typical response coming from ‘CryptoPennyCO25’ who believes the DoJ report is simply trying to paint crypto in a bad light:

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