What financial advisors need to know about crypto. The transformation of value in the digital age. The U.S. Department of Justice's (DOJ) head of crypto enforcement has promised a crackdown on illicit behaviour on trading platforms, the Financial Times (FT) reported on Monday.Why is the DOJ targeting crypto exchanges?

As a financial advisor navigating the rapidly evolving landscape of cryptocurrency, I'm curious to understand the motives behind the U.S. Department of Justice's (DOJ) focus on crypto exchanges. With the head of crypto enforcement vowing to crackdown on illicit behavior, it begs the question: Why is the DOJ targeting these platforms specifically? Are there particular vulnerabilities or risks that crypto exchanges pose that traditional financial institutions don't? Understanding the nuances of this issue is crucial for financial advisors to properly advise their clients on the risks and opportunities within the crypto sphere.