That already officially happened a few months ago. In addition to stopping all cryptocurrency fraud investigations, the administration stopped prosecuting white collar crimes under the FCPA:
https://www.connecticutcriminallawyer.com/blog/trump-adminis...
If you have access to people in positions of government influence, it's a good time to accept bribes from foreigners, especially via cryptocurrency. But if that is you then you probably already know that.
> If you have access to people in positions of government influence, it's a good time to accept bribes from foreigners,
FCPA addresses bribery of foreign governments...
Fair point, but either way we're not enforcing that law anymore.
It's clear you're not that familiar with the law if you got a fundamental aspect about it incorrect, so why is this bad on its face? Ending enforcement of laws is not de facto bad.
In this case, FCPA hinders American companies from competing in foreign locales where greasing the local wheels is a requirement for getting things done. Like it or not, this is the world we live in but an argument could be made that dropping enforcement is pragmatic.
Then Congress should rescind the law. Otherwise laws don't mean anything.
Do you similarly disagree with the decision by the executive to end enforcement of weed laws? The DEA could be raiding state dispensaries daily but isn't.
Congress should rescind that law also. It also doesn't mean anything when it's not enforced, and rescinding it has broad popular support.
But as you probably know, practically speaking it's not feasible to enforce every law on the books at all times, so the balance of laws enforced tells you about the priorities of a government. This one sees white collar crime as a feature, not a bug.
> This one sees white collar crime as a feature, not a bug.
What issues do you see with not prosecuting Americans for following local customs? The places where the bribery happens can already jail the US citizens committing the bribery. The US doesn't prosecute Americans for smoking weed in Amsterdam even if it's illegal in the US.