NASDAQ:WK News 7 January 2026

January 29, 2026, 6:25 PM EST. Six U.S. senators accused Deputy Attorney General Todd Blanche of a conflict of interest after he shut down crypto enforcement investigations and disbanded the National Cryptocurrency Enforcement Team. The senators, including Elizabeth Warren and Dick Durbin, referenced a ProPublica investigation revealing Blanche held over $159,000 in crypto assets while making these decisions. Blanche had pledged to divest his cryptocurrency within 90 days but issued a memo halting Biden-era crypto prosecutions before completing this. The senators argue his actions violate federal ethics laws, potentially facilitating money laundering, scams, and sanctions evasion. Blanche's memo signaled a shift toward targeting only illicit crypto use linked to terrorists and drug traffickers, rather than platforms themselves. Lawmakers urge reconsideration amid rising illicit crypto activity reported in 2025.