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The DOJ crypto fraud unit NCET axed as Trump pushes for crypto deregulation. Will FBI VAU be next? Best Wallet presale raises over $11.5 million
By Dalmas Ngetich
Last Updated: Apr 9, 2025
Fact checked
By Akriti Seth
The DOJ crypto fraud unit NCET axed as Trump pushes for crypto deregulation. Instead, the president wants DOJ to focus on real criminals like tackling cybercrimes and others. Will FBI VAU be next on the list now that they worked closely with NCET? Amid this, investors are exploring one of the hottest presales in 2025: Best Wallet. Presently, over $11.5 million has been raised.
While traders and investors brace for more crypto market damage, something intriguing is unfolding in the United States.
Yesterday, in a dramatic shake-up of U.S. crypto policy, the Department of Justice (DOJ) officially disbanded the National Cryptocurrency Enforcement Team (NCET) under orders from Donald Trump.
The move, which might also pave the way for the dissolution of the FBI’s Virtual Assets Unit (VAU), represents a massive and noticeable shift in crypto regulation, lifting sentiment as a result.
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With the NCET gone, the era of regulation by prosecution, popularized by the U.S. SEC under Gary Gensler, is over.
In an executive order from President Donald Trump, it’s clear that crypto deregulation is here to stay, and the administration seeks to create clear laws for the sector to thrive.
The newly appointed DOJ leader and Deputy Attorney General, Todd Blanche, delivered the memo ordering the immediate closure of the NCET.
🚨DOJ Disbands Crypto Fraud Unit and Signals Major Policy Shift on Crypto Crime
In a pivotal policy memo, the DOJ announced yesterday that “effective immediately”, it is disbanding the NCET (National Cryptocurrency Enforcement Unit. A copy of the DOJ’s internal memo was shared… pic.twitter.com/U81sv9mYnT
— Carlo⚖️ (@TheDeFiDefender) April 8, 2025
Blanche cited the team’s “overreaching” methods and specifically criticized strategies and approaches used by the Biden administration.
Under Chokepoint 2.0, for example, crypto businesses in the United States were targeted in the name of compliance.
The NCET and other regulators often cited “unwitting violations” rather than clear criminal intent before enforcement.
Instead, in the memo disbanding the NCET, the Trump administration wants the DOJ to focus more on real crimes—like terrorism, narco cartels, human trafficking, and cyberattacks—rather than being part of regulators keen on stifling innovation.
The closure of the NCET could reduce red tape in crypto, helping the United States become the crypto capital of the world, as Donald Trump envisions.
Now that the NCET is offline, rumors suggest the FBI’s Virtual Assets Unit (VAU), which has previously worked closely with the DOJ team, might be next in line.
For now, the VAU remains active. Like the NCET, it specializes in blockchain forensics, asset tracing, and ransomware response.
In 2022, the VAU and NCET helped seize $5 billion in illicit funds.
While only time will tell if the VAU will be terminated, the crypto community is closely monitoring developments.
Its disbandment would not be surprising, as it would align with Donald Trump’s policy of slashing enforcement across all crypto-centric units.
While the VAU may follow the NCET, the community should remain cautious.
Although exchanges, mixers, and other crypto players might face less scrutiny from the DOJ—allowing faster innovation in sectors like RWA tokenization and DeFi—there’s a risk that fraud and scams could rise in the long term.
Now that regulators and enforcement teams aren’t probing the industry as they once did, the possibility of a major exchange collapse, like with FTX, cannot be dismissed.
Should a major scam occur, it could damage the United States’ reputation as it seeks to become a crypto capital.
Already, some critics think Trump is running a scam through its “TRUMP official meme coin” that is down nearly 90% from all-time highs.
So it’s really important you understand the Trump Coin grift. It hasn’t gotten enough attention, but it’s maybe the biggest White House corruption in a century. Right out in the open for all to see.
I’m going to explain how the grift works. Only takes 3 minutes. pic.twitter.com/y8AU1ekJ29
— Chris Murphy 🟧 (@ChrisMurphyCT) March 6, 2025
As cautious as everyone is, savvy investors are actively exploring one of the hottest presales of 2025: Best Wallet.
The Best Wallet presale is trending and may allow investors to participate in an early-stage token offering with utility and potential for huge ROI.
Best Wallet is already emerging as one of the top non-custodial wallets, supporting over 60 blockchains.
The app is designed as a crypto hub through which users can, for example, engage in DeFi and invest in some of the best cryptos to buy in 2025.
The Best Wallet presale has raised over $11.5 million. Meanwhile, once BEST lists on leading exchanges, the token might soar, handsomely rewarding early investors.
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Dalmas is an experienced journalist with over a decade in crypto, technology, and blockchain. His work and that of his partners have been featured in top news outlets, including Forbes, investing.com, and Entrepreneur, among others. He is passionate about crypto… Read More
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DOJ Crypto Unit Disbanded: Is FBI Next? Best Wallet Presale Viral – 99Bitcoins
