President Trump has fired Pam Bondi and replaced her with Todd Blanche as interim U.S. Attorney General — handing control of the Justice Department to the official who dismantled the DOJ’s crypto enforcement unit in April 2025 and holds up to $485,000 in personal digital asset holdings.

President Trump has fired Pam Bondi and replaced her with Todd Blanche as interim U.S. Attorney General — handing control of the Justice Department to the official who dismantled the DOJ’s crypto enforcement unit in April 2025 and holds up to $485,000 in personal digital asset holdings.

Bondi confirmed her departure in an April 2 post on X, writing that she would be “working tirelessly to transition the office of Attorney General to the amazing Todd Blanche” before moving to an unspecified private sector role. NBC News confirmed that Bondi was fired following growing frustration from the president over her handling of key priorities.

Who Todd Blanche is — and why crypto is watching

Blanche is not a new name in the digital asset industry. As Deputy Attorney General, he authored the April 2025 memo that formally disbanded the National Cryptocurrency Enforcement Team, declaring in plain language that the DOJ “is not a digital assets regulator” and criticizing the prior administration’s approach as a “reckless strategy of regulation by prosecution.”

The memo directed prosecutors to stop pursuing cases against crypto exchanges, mixers, and offline wallets for end-user behavior, shifting enforcement focus to individuals directly defrauding investors. The decision triggered a swift backlash from Democratic lawmakers, who argued it opened the door to sanctions evasion, drug trafficking, and large-scale financial fraud.

Blanche also holds reported personal crypto exposure of up to $485,000 — a detail that will almost certainly draw scrutiny from Congress as he leads the nation’s top law enforcement agency.

What changes at the DOJ

Blanche’s elevation to acting AG signals continuity — and likely intensification — of the DOJ’s current posture toward digital asset enforcement. The NCET, which handled major crypto fraud cases and supported cross-border law enforcement coordination, remains disbanded. Its closure, combined with the prior directive to deprioritize structural crypto enforcement, has already reshaped how federal prosecutors approach the space.

With Blanche now at the top, those policy choices become structurally harder to reverse regardless of who eventually takes the permanent AG role. Trump announced the change via Truth Social, describing Blanche as a “very talented and respected Legal Mind.” The White House has not yet specified a timeline for a permanent nomination, with EPA Administrator Lee Zeldin reportedly under consideration.