US Deputy Attorney General: Priority will be given to cracking down on illegal activities using cryptocurrencies

Department of Justice Deputy Minister Lisa Monaco recently emphasized that it will prioritize combating illegal activities using cryptocurrencies, especially the use of privacy protection tools.
In contrast, New York Attorney General Letitia James has argued for stricter cryptocurrency regulation. Monaco believes the Justice Department's existing legal tools are sufficient to address the issue without additional legislation. This stance contrasts with the push by some state officials for stricter regulations, highlighting the divide between federal and state cryptocurrency regulation.