DOJ Crypto Framework Signals Escalating Enforcement

Law360 (December 7, 2020, 5:10 PM EST) -- How are we to think about cryptocurrency, one of the predominant expressions of blockchain technology? Is it a banner, heralding a revolution that will transform the financial sector and other industries? Is it a car, presenting dangers that are tolerated when balanced against significant societal utility?

Reading the cryptocurrency enforcement framework,[1] published by the attorney general's Cyber-Digital Task Force in the waning days of the present administration, one gets the impression that the U.S. Department of Justice views cryptocurrency as something more like a gun.

The introduction of the framework, which is attributed to Sujit Raman, then an associate deputy attorney...

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