DOJ Shuts Down Crypto Enforcement Unit + Bitcoin Shows Resilience Amid Tariffs
Bitcoin Shows Resilience Amid Tariffs, DOJ Crypto Shift, and Trade Deal Uncertainty, as U.S. Miners Face Supply Chain Pressures and Trump’s Pro-Bitcoin Agenda Gains Ground.
Because Bitcoin
April 8, 2025
Bitcoin Shows Resilience Amid Tariffs, but U.S. Miners Face Supply Chain Pressure
Bernstein analysts say Bitcoin’s modest 26% dip from its all-time high—compared to previous crashes of 50–70%—signals growing resilience and strong institutional demand. Citing increased ETF inflows and corporate treasury interest, the firm notes that Bitcoin’s “digital gold” narrative is gaining traction. However, U.S. bitcoin miners could be hit hard by tariffs that disrupt the mining hardware supply chain. While the industry faces increased difficulty and hashrate pressure, major players like Riot Platforms, IREN, MARA, and CleanSpark may benefit due to their scale and potential AI integration.
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Trump’s Tariff Push Spurs Global Rush for Trade Talks, but Experts Warn of Chaos and Bad Data
Since President Trump unveiled his aggressive “Liberation Day” tariff policy on April 2, about 70 countries have contacted the White House to negotiate trade deals, according to Treasury Secretary Scott Bessent. Bessent emphasized that the negotiations are driven by international outreach, not market reaction, and that Trump remains firmly in control of the process. While administration officials suggest momentum is building for new trade agreements, critics argue the tariff rollout has been chaotic and economically flawed. Analysts like Jai Kedia from the Cato Institute and former White House economist Jason Furman warn that the administration may be working with inaccurate data, which could undermine negotiations. Despite concerns, markets have reacted positively to signs of diplomatic engagement, including productive talks with South Korea and Japan.
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DOJ Shuts Down Crypto Enforcement Unit as Trump Pushes Pro-Bitcoin Agenda
The U.S. Department of Justice has disbanded its National Cryptocurrency Enforcement Team (NCET), a unit formed under the Biden administration to tackle crypto-related crime. In a memo, Deputy Attorney General Todd Blanche—who also served as Trump’s defense attorney—said the move aligns with Trump’s executive order to create regulatory clarity in digital assets and criticized the previous administration’s “regulation by prosecution” approach. The NCET had led high-profile cases against Tornado Cash, Avraham Eisenberg, and North Korean hackers. Now, DOJ efforts will shift toward targeting individuals who harm investors, not crypto exchanges or tools like mixers. The shutdown reflects Trump’s broader pro-crypto stance, including plans for a national Bitcoin reserve and public outreach to crypto industry leaders.
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