Prominent Crypto Figure Leaving Department of Justice

Nicholas Quaid, who was in charge of the Criminal Division's second-in-command position, spent his almost two years at the DOJ developing the system for enforcing and passing laws about crypto crimes.

According to a report from Bloomberg Law on Tuesday, a key figure in the process of making laws and prosecuting crypto crimes is leaving the Department of Justice.

The Criminal Division's second-in-command, Nicholas Quaid, will leave his job at the end of this week.

During his almost two years at the DOJ, Quaid worked hard to fight white-collar crime, with a particular focus on cryptocurrency. According to a report, when he was Principal Deputy Assistant Attorney General for the Criminal Division, he set up and oversaw a department that looked into illegal use of digital assets.

Bloomberg Law says that Quaid is likely to return to Latham & Watkins in New York, where he was a partner before.