The National Cryptocurrency Enforcement Team has finally disbanded—did it cause over billion in losses to the crypto market

The U.S. Department of Justice has officially disbanded the National Cryptocurrency Enforcement Team (NCET), and this is undoubtedly good news for the cryptocurrency market! In the past, NCET's strict enforcement left many crypto businesses and investors struggling to breathe. Now, its dissolution symbolizes a reduction in regulatory pressure, and the market is expected to welcome more room for free development.

NCET was established in 2021 during the Biden administration, specifically targeting cryptocurrency-related crimes, such as virtual currency exchanges and money laundering activities. While its intention was to combat illegal activities, it was often criticized for overregulation. For example, it led the investigation into Binance, the world’s largest exchange, which resulted in hefty fines. This shook market confidence, and many believed NCET was "suppressing cryptocurrency under the guise of enforcement."

With NCET disbanded and Trump’s positive stance on digital assets, the market may enter a period of growth in the future. Without the enforcement team’s scrutiny, exchanges and project teams can focus more on technological innovation and user expansion. However, investors should still be cautious, as market volatility remains unpredictable.

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