2021

Congressional Democrats Seek Increased Oversight Into Crypto Matters Following Ransomware Attacks A group of Democratic senators and congressmen are calling on the Department of Justice, the State Department, the Department of the Treasury, and Homeland Security to beef up efforts to protect against the recent wave of ransomware attacks. The group, comprised of senators...

On October 6, 2021, the Department of Justice (“DOJ”) announced the creation of the National Cryptocurrency Enforcement Team (“NCET”) to investigate and prosecute criminal misuses of cryptocurrency. NCET’s particular focus will be on crimes committed by virtual currency exchanges, mixing and tumbling services, and money laundering infrastructure actors, to include the tracing and recovery...

On October 6, 2021, the Department of Justice (DoJ) announced the Civil Cyber-Fraud Initiative (the “Initiative”) to combat cyber threats, specifically to sensitive information and critical systems of the United States Government (USG). In launching the Initiative, Deputy Attorney General Lisa O. Monaco made clear that a primary focus of the Initiative is to...