Cryptocurrency is still an extremely new phenomenon, and it is quickly evolving. We are closely following how the government prosecutes crimes involving cryptocurrency. The federal government is responsible for investigating and prosecuting crimes that cross state lines. If any element of a crime crosses a state line (such as an internet connection that connects to an out-of-state server), the case can fall under federal jurisdiction. Because cryptocurrency involves internet transactions, almost all crypto cases are prosecuted on the federal level. This means that cryptocurrency crimes can carry steep penalties, including mandatory minimum sentences.