The U.S. Justice Department is disbanding its National Cryptocurrency Enforcement Team and ordering prosecutors to focus instead on criminal investigations involving cartels and terrorist groups that use digital currency to finance illicit business, according to a memo seen by Reuters. The memo from Deputy Attorney General Todd Blanche, sent out to employees late on Monday night, faulted Democratic President Joe…
The news seemed big: That the Trump administration was considering a 90-day pause to his expansive tariffs. The problem was, it wasn’t true. But in a sign of the precarious nature of the markets right now, an unsubstantiated online report spiked shares sharply, albeit briefly, and continued to climb after CNBC and Reuters relayed the claim. The White House quickly…