The US Justice Department is set to more than double its crypto enforcement team, according to senior official Nicole Argentieri. The Wall Street Journal reported that the cryptocurrency taskforce is getting revamped after launching almost two years ago.
Specifically, Argentieri has said that the National Cryptocurrency Enforcement Team (NCET) is set to become a “permanent fixture” of the Justice Department’s criminal division. Subsequently, the decision to more than double prosecutors was executed to keep pace with “the team’s growing caseload.”
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Justice Department More Than Doubling Crypto Team
The digital asset industry, as far as it has come, is still fairly young. There is no greater evidence of this fact than the ongoing issue regarding regulation in the United States. Moreover, criminal activity has continued to be a point of concern. One that the US is set to combat with more emphasis after a recent change.
The US Justice Department is set to more than double its crypto enforcement team, according to a new statement. Moreover, the decision will revamp the task force that first came into existence just two years ago. The decision to add the prosecutors to the agency is reportedly in order to combat the growing number of cases.
Also Read: US Department of Justice Targeting Crypto Exchanges and Mixers
Nicole Argentieri said that the NCET would become a vital part of criminal investigation units. Moreover, she stated that the department is tasked with handling, “a range of computer-related investigations.” Mostly connected with the digital asset sector, for which it has been given its name.
Additionally, the task force is set to get new leadership following the departure of the current director, Eun Young Choi. Claudia Quiroz is currently serving as the enforcement team’s active director. Choi is expected to be moving to a new position within the Justice Department.