"The unit, known as NCET and launched in February 2022 as part of the administration's bid to combat fraud and illicit finance, investigated and coordinating cases including one against Binance and its founder Changpeng Zhao, who pleaded guilty to violating laws designed to prevent money laundering.

But under President Donald Trump, whose family is building its own crypto enterprise, the U.S. government has been reversing course on crypto. The Republican promised to make the United States the "crypto capital of the planet"."