A new congressional bill aims to restore federal coordination on cryptocurrency-related crime following the Department of Justice's decision to disband its dedicated crypto enforcement unit, the National Cryptocurrency Enforcement Team. The legislation focuses narrowly on criminal activity — including exchange hacks, blockchain transaction tracing, and support for victims of crypto theft — deliberately sidestepping broader questions of market regulation. The move signals growing concern among lawmakers that the DOJ's retreat from specialized crypto policing has left a coordination gap at the federal level. By establishing a dedicated task force, Congress seeks to consolidate investigative resources across agencies without wading into the contentious debate over how digital assets should be classified or overseen by regulators.
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