Deputy AG Conflict of Interest Sparks Controversy
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 1h ago- Conflict of Interest Allegations: Six U.S. senators have accused Deputy Attorney General Todd Blanche of holding up to $470,000 in cryptocurrency while overseeing enforcement decisions, potentially compromising the integrity of federal cryptocurrency regulation due to self-serving interests.
- Dismantling of Enforcement Unit: Blanche's directive to scale back DOJ's cryptocurrency enforcement and disband the National Cryptocurrency Enforcement Team (NCET) raises questions about his motives, which could weaken efforts against crypto-related crimes.
- Potential Ethics Review: This situation may trigger an internal ethics review by the DOJ's Office of Professional Responsibility, and if a violation of federal conflict-of-interest laws is confirmed, Blanche could face severe penalties, including fines or removal from office.
- Broader Regulatory Implications: The controversy not only affects Blanche personally but also risks undermining trust in cryptocurrency regulation, prompting the government to reassess its internal ethics standards, potentially leading to stricter disclosure requirements and recusal protocols for officials involved in fintech regulation.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
