SakuraSpiritual
Fri Jul 12 2024
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5 answers
1326
Who prosecutes cryptocurrencies in California?
In California, the question of who prosecutes cryptocurrencies remains a multifaceted one. Given the novelty and complexity of this digital asset class, there is no single entity that solely oversees or prosecutes cryptocurrency-related crimes. The California Department of Justice, along with its various bureaus and divisions, plays a significant role in investigating and prosecuting financial crimes, including those involving cryptocurrencies. However, other agencies such as the Financial Crimes Enforcement Network (FinCEN) and the Securities and Exchange Commission (SEC) also have jurisdiction over certain cryptocurrency-related activities. Additionally, district attorneys and local law enforcement agencies may be involved in investigating and prosecuting crimes at the local level. Therefore, the prosecution of cryptocurrencies in California is a collaborative effort between various agencies, each with its own specific areas of jurisdiction and expertise.
