Following the removal of Attorney General Pam Bondi, President Trump has named Todd Blanche as the interim head of the US Department of Justice. Blanche, who previously represented Trump in a New York criminal case, was appointed deputy attorney general after Trump's re-election in 2024. Notably, Blanche disbanded the DOJ's National Cryptocurrency Enforcement Team, which was established under the Biden administration, and issued a memo instructing prosecutors to refrain from pursuing regulatory cases in the crypto sector. This move had significant implications, including the dropping of a charge against Tornado Cash developer Roman Storm.
Blanche's financial disclosures reveal that he transferred his crypto holdings to family members, including Bitcoin, Solana, and Ethereum, but reportedly still held these assets when signing the enforcement memo, raising concerns about potential ethics violations.