The team will conduct investigations into crypto crime, focusing on trading platforms, money-laundering infrastructure, and “mixing and tumbling services” that conceal a digital asset’s source, deputy attorney general Lisa Monaco announced. (The Logic)

Talking point: Regulatory pressure on the sector is mounting in the U.S. More than 65 organizations, including prominent environmental non-profits, published a letter today urging U.S. Congress to take action to mitigate the environmental impact of cryptocurrency markets. Earlier this week, U.S. Securities and Exchange Commission chair Gary Gensler reiterated that he believes most crypto-tokens may be securities, saying Congress, not the regulator, has the authority to enact a China-style crypto ban. The new DOJ crypto enforcement team would help the department “dismantle the financial entities that enable criminal actors to flourish—and quite frankly to profit—from abusing cryptocurrency platforms,” Monaco said in a release.