TechFlow News, April 3: According to CoinDesk, U.S. President Trump removed Attorney General Pam Bondi from office and appointed Todd Blanche—his former personal attorney and former Deputy Attorney General—as Acting Attorney General.
While serving as Deputy Attorney General, Todd Blanche previously disbanded the Department of Justice’s National Cryptocurrency Enforcement Team (NCET) and issued a memorandum instructing prosecutors to cease pursuing regulatory violation cases against the cryptocurrency industry. This memorandum was cited by the U.S. Attorney’s Office for the Southern District of New York in the case against Tornado Cash developer Roman Storm, ultimately leading to the dismissal of one of the charges.
Notably, according to ProPublica, at the time Blanche signed the cryptocurrency enforcement memorandum, he still held cryptocurrency assets valued between approximately $159,000 and $485,000—including BTC, ETH, SOL, ADA, and others—potentially violating ethical rules and contradicting his prior pledge to divest such assets before handling matters related to cryptocurrency. His most recent government ethics disclosure filing indicates that he has transferred these cryptocurrency assets to the names of his children and grandchildren.
