DoJ’s crypto czar joins FinCEN in brand-new role: Why it matters

DoJ’s crypto czar joins FinCEN in brand-new role: Why it matters

In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain.

Talk about ending a stellar career at the United States Department of Justice with a bang. The DoJ’s first-ever “crypto czar,” Michele Korver, advised government attorneys, federal agents, the Department of the Treasury’s Financial Stability Oversight Council and the U.S. delegation to the Financial Action Task Force on cryptocurrency matters, and she developed cryptocurrency seizure and forfeiture policy and legislation. While she was wrapping up her last day on the job, an affiliate of the notorious “REvil” gang, which is best known for extorting $11 million in Bitcoin (BTC) from meat processor JBS after an attack on Memorial Day, executed the single biggest global ransomware attack on record to kick off the July 4 holiday weekend.

Related: Meet DoJ’s Crypto Czar: Expert take

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