WASHINGTON— In what is being called a “significant step in advancing its cryptocurrency-related enforcement priorities,” the federal government has named the first leader of the National Cryptocurrency Enforcement Team (NCET).
NCET is dedicated to investigating and prosecuting cryptocurrency-enabled crimes.
Selected to lead the organization is Eun Young Choi, a career prosecutor and former Cybercrime Coordinator of the United States Attorney’s Office for the Southern District of New York. The government said the move signals the Department of Justice’s “continued commitment to disrupt the criminal misuse” of cryptocurrencies and digital assets.
Morrison/Foerster said cyptocurrency is at the center of DOJ’s enforcement regime across various disciplines, including complex financial investigations, cybersecurity, ransomware and data breach attacks, sanctions and export control matters, and anti-money laundering, among others.
‘Effort to Innovate’
“The appointment of a national enforcement team reflects an effort to innovate how law enforcement investigates cryptocurrency-enabled crimes and to standardize DOJ’s approach to investigations and prosecutions across the country,” Morrison/Foerster said.
The report said the DOJ’s enforcement efforts will also be bolstered by the formation of a new specialized Federal Bureau of Investigation unit focused on tracking and seizing virtual assets used in criminal conduct.
“Together, these units will enhance cross‑agency and cross-border coordination to address the challenges that arise from increased usage of cryptocurrency and growing threats to potential victims,” according to Morrison Foerster.
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