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Trump appoints Todd Blanche, the memo writer for cryptocurrency enforcement, as Acting Attorney General
Golden Finance reports that on April 3, U.S. President Donald Trump removed Attorney General Pam Bondi from her position and appointed her former private attorney, now Deputy Attorney General Todd Blanche, as Acting Attorney General. Blanche previously represented Trump in New York criminal cases. After assuming the role of Deputy Attorney General, he ordered the dissolution of the Department of Justice’s National Cryptocurrency Enforcement Team and signed a memorandum instructing prosecutors to cease pursuing regulatory violation cases in the cryptocurrency industry.
According to disclosed documents, at the time Blanche signed this enforcement memorandum, he still held various cryptocurrencies valued between approximately $159,000 and $485,000, including Bitcoin, Solana, Cardano, Ethereum, Polygon, Polkadot, Quant, and Coinbase stock, violating ethics rules and the prior commitment to divest assets before handling matters related to cryptocurrency.