“The government has legal and regulatory tools available at its disposal to confront the threats…The Department of Justice has built strong working relationships with its regulatory and enforcement partners” including the SEC, the CFTC, and other federal agencies.
The Task Force noted that regulators have been successful in arresting and prosecuting criminals including the operator of the world’s largest online child sexual exploitation market. Regulators also rescued more than 20 child victims; seized hundreds of thousands of dollars’ worth of bitcoin, the largest-ever seizure of cryptocurrency in the terrorism context, and dismantled terrorist financing campaigns, and many other successful enforcement actions involving the unlawful use of cryptocurrencies.
Cryptocurrency is vital but those using it must follow the law
Attorney General Barr summarized the Cryptocurrency Enforcement Framework by emphasizing that cryptocurrencies are important to the U.S. and its allies and we should continue to make sure its use does not endanger the safety and security of the public and the nation.
