Coin Center: DOJ policy memo is no substitute for legal protection
- —Lewellen seeks a ruling that publishing non-custodial software is not money transmission under § 1960
- —The district court found no credible threat after Deputy AG Blanche's policy memo
- —The Tornado Cash and Samourai Wallet prosecutions bolster fears despite FinCEN's 2019 guidance
- —Congress's failure to pass the Blockchain Regulatory Certainty Act raises the stakes for court rulings
Why it matters: The outcome will determine whether US developers of non-custodial software can operate without fear of criminal prosecution.
Source: Coin Center