DOJ’s crypto approach criticised; Brazil hits $6B in crypto trading Senators Cynthia Lummis and Ron Wyden slam the US Justice Department's (DOJ) approach to governing crypto. They expressed worries that the department has broadened its scope to include crypto mixers in the past months. Key takeaways US Senators Cynthia Lummis and Ron Wyden expressed worries over the DOJ’s expansion of money transmission after the department accused two crypto mixers. Brazil’s crypto trading volume skyrocketed to $6 billion in the early months of 2024 which was a 30% increase from 2023. Stablecoins are also more popular in the country than Bitcoin (BTC) and other coins. Wyden and Lummis conveyed their grave concerns to US Attorney General Merrick Garland through a letter.
