The U.S. Department of Justice (DOJ) is intensifying its focus on the cryptocurrency landscape, particularly targeting crypto exchanges and mixers suspected of facilitating illicit activities. An official from the U.S. Department of Justice recently emphasized the scale of crypto crime has grown “significantly” over the past four years. As a result, the agency is stepping up scrutiny.

The US DOJ’s NCET, led by Director Eun Young Choi, is on a mission to take down crypto exchanges, companies, and mixers involved in crimes that harm the crypto ecosystem. Eun Young Choi, the director of the agency’s National Cryptocurrency Enforcement Team, said the DOJ intends to target crypto exchanges along with “mixers and tumblers.” The U.S. cryptocurrency enforcement tsar has said that the country was stepping up scrutiny of crypto exchanges to target illicit behavior on the platforms.

This increased oversight signals a proactive approach to combating crypto-related crime. While the U.S. Department of Justice (DOJ) has announced it will no longer pursue investigations or indictments against developers of cryptocurrency mixers, wallets, and software, the focus remains on entities directly involved in facilitating illegal transactions. Expect increased enforcement actions against exchanges and mixers deemed complicit in money laundering, sanctions evasion, or other criminal activities. Stay informed about the evolving regulatory landscape to ensure compliance and mitigate potential risks in the crypto space.