Following the removal of Attorney General Pam Bondi, Todd Blanche has been appointed as the interim head of the US Department of Justice, as announced by President Donald Trump. Blanche, who previously represented Trump in a New York criminal case, was named deputy attorney general after Trump's reelection in 2024. As deputy attorney general, Blanche dismantled the National Cryptocurrency Enforcement Team, established in 2022 under the Biden administration, and issued a memo instructing prosecutors to refrain from pursuing regulatory violation cases within the cryptocurrency industry.
This move had a significant impact on a case involving Tornado Cash developer Roman Storm, resulting in the dropping of a charge against him. Blanche's government ethics disclosure, dated July 10, 2025, reveals that he transferred his cryptocurrency holdings, including Bitcoin, Solana, and Ethereum, to his family members.
However, it has been reported that he still held these assets, valued between $159,000 and $485,000, when he signed the enforcement memo, raising concerns about ethics rules and his pledge to divest from crypto-related matters.