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REDDIT

Crypto Regulations

Am I the only one who thinks this is a misguided attempt to help crypto exchanges. What they don't understand is that it is healthy for crypto enthusiasts to weed out the bad apples and focus on legitimate uses. I would love to hear different thoughts on this. WSJ: "The Justice Department is scaling back prosecutors’ ability to bring criminal charges against cryptocurrency firms, in a move that could disrupt several ongoing cases and investigations. The department will no longer bring charges against exchanges, dealers, mixing services and wallet providers “for the acts of their end users,” according to a memo late Monday by Deputy Attorney General Todd Blanche. Prosecutors have sometimes charged crypto startups whose services were used by money launderers or people in countries subject to U.S. sanctions such as Iran."