Todd Blanche Appointed as Acting U.S. Attorney General, Previously Held Cryptocurrency Assets

Odaily News: U.S. President Trump announced the removal of Attorney General Bundy from his position and appointed Deputy Attorney General Todd Blanche as the Acting Attorney General. Todd Blanche previously served as Trump's personal attorney in the New York criminal case and was appointed as Deputy Attorney General following Trump's re-election in 2024.

During his tenure as Deputy Attorney General, Todd Blanche ordered the dissolution of the Department of Justice's National Cryptocurrency Enforcement Team, which was established in 2022 under former President Biden's administration. He also signed a memorandum instructing prosecutors to cease filing charges in cases involving regulatory violations within the cryptocurrency industry. This memorandum was cited by the U.S. Attorney's Office for the Southern District of New York in the case against Tornado Cash developer Roman Storm, ultimately leading to the dismissal of one of the charges.

According to a ProPublica report, at the time of signing this cryptocurrency enforcement memorandum, Todd Blanche still held cryptocurrency assets valued between approximately $159,000 and $485,000, including BTC, SOL, ADA, ETH, among others. This violated the ethical guidelines he had previously committed to, which required divesting such assets before handling cryptocurrency-related matters. His government ethics disclosure from July 2025 shows that he has since transferred the cryptocurrency assets to his children and grandchildren.