US senators allege Deputy AG had conflict of interest over crypto holdings

Six U.S. senators have sent a letter to Deputy Attorney General Todd Blanche demanding an explanation for an alleged conflict of interest involving his cryptocurrency holdings. They claim that Blanche held up to $470,000 in cryptocurrencies, including Bitcoin and Ethereum, at the time he ordered the Department of Justice (DOJ) to scale back its crypto enforcement and dismantle its national cryptocurrency investigation unit. The senators asserted that this decision constitutes a conflict of interest and could potentially violate federal law.