The Washington Post has the text of the memo.[1] Here are the parts that tell the DOJ to stop prosecuting certain crimes:<p>> Prosecutors should not charge regulatory violations in cases involving digital assets— including but not limited to unlicensed money transmitting under 18 U.S.C. § 1960(b)(1)(A) and (B), violations of the Bank Secrecy Act, unregistered securities offering violations, unregistered broker-dealer violations, and other violations of registration requirements under the Commodity Exchange Act-unless there is evidence that the defendant knew of the licensing or registration requirement at issue and violated such a requirement willfully. This priority is not required by law, but is being imposed as a matter of discretion, in recognition of the Justice Department’s priorities and the fact that the Biden Administration created a particularly uncertain regulatory environment around digital assets.<p>> Prosecutors should not charge violations of the Securities Act of 1933, the Securities Exchange Act of 1934, the Commodity Exchange Act, or the regulations promulgated pursuant to these Acts, in cases where (a) the charge would require the Justice Department to litigate whether a digital asset is a “security” or “commodity,” and (b) there is an adequate alternative criminal charge available, such as mail or wire fraud.<p>The memo redirects priorities to, "...embezzlement and misappropriation of customers’ funds on exchanges, digital asset investment scams, fake digital asset development projects such as rug pulls, hacking of exchanges and decentralized autonomous organizations resulting in the theft of funds, and exploiting vulnerabilities in smart contracts." It also prioritizes prosecution of people and organizations who use cryptocurrency to further terrorism, human trafficking, narcotics, organized crime, and hacking. Lastly, it disbands the National Cryptocurrency Enforcement Team and folds them back into Computer Crime and Intellectual Property, which is how the DOJ was organized in 2021.<p>The only prosecution I can think of that wouldn't happen under these new rules is that of Roman Storm, who is facing up to 45 years in prison for developing Tornado Cash, an open source decentralized cryptocurrency tumbler. The DOJ is not claiming that Storm engaged in money laundering or that he ran a service that allowed people to do so. He is being prosecuted because other people used the software to commit crimes. This is an obvious free speech issue, which is why the EFF filed an amicus brief in support of Storm.[2]<p>1. <a href="https://archive.is/Td0Fn" rel="nofollow">https://archive.is/Td0Fn</a><p>2. <a href="https://www.yahoo.com/news/digital-rights-group-eff-calls-053303878.html" rel="nofollow">https://www.yahoo.com/news/digital-rights-group-eff-calls-05...</a>