Photo: Coin Telegraph
In a tweet Monday evening, President Trump announced the departure of William Barr from the office of Attorney General. The announcement comes the same day that the Electoral College convened and confirmed Joe Biden's victory in the November election.
Barr, long one of Trump's most loyal allies, will be stepping down on December 23. Under Barr's leadership, the Department of Justice (DoJ) has ramped up its actions in crypto, including high-profile criminal charges against BitMEX's leadership and the release of a new framework for cryptocurrency enforcement in October. The latter half of this year has also seen the largest seizures of cryptocurrency assets yet.
Even among old-school Republicans, Barr, who previously served as Attorney General under George H.W. Bush, is particularly hawkish.
During his tenure, the DoJ's concern with cryptocurrency has been especially intense in light of perceived threats of terrorism financing and money laundering, though the DoJ's enforcement framework paid lip service to civil offenses like securities fraud. The ongoing technology war against China has, indeed, spilled over into digitising currencies, which may well prove a threat to the dollar's international dominance.
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