'Bitcoin Senator' Cynthia Lummis Blasts DOJ Stance on Private Crypto Wallets - Decrypt
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'Bitcoin Senator' Cynthia Lummis Blasts DOJ Stance on Private Crypto Wallets
Lummis argued the Department of Justice's position on self-custody "contradicts existing Treasury guidance" and "violates the rule of law." United States Senator Cynthia Lummis (R-WY) has stated that she is "deeply troubled
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🔹 US Senator Cynthia Lummis criticizes the Department of Justice's stance on private crypto wallets.
🔹 Lummis argues that the DOJ's position contradicts existing Treasury guidance and violates the rule of law.
🔹 She believes that arguments against self-custody software threaten fundamental property rights.
🔹 Lummis accuses the Biden Administration of criminalizing aspects of the Bitcoin network and decentralized finance.
🔹 The DOJ's interpretation of money transmission laws has sparked backlash from the crypto community.
Top Highlights
- 'Bitcoin Senator' Cynthia Lummis Blasts DOJ Stance on Private Crypto Wallets Lummis argued the Department of Justice's position on self-custody "contradicts existing Treasury guidance" and "violates the rule of law."
- United States Senator Cynthia Lummis (R-WY) has stated that she is "deeply troubled" by the Department of Justice's (DOJ's) stance on non-custodial software.
- In a tweet, Lummis expressed concern at the DOJ's "hyper-aggressive argument that non-custodial software can constitute a money transmission service." She added that the DOJ's stance "contradicts existing Treasury guidance," and "violates the rule of law."
- "Arguments against self-custody software threaten the fundamental property rights that are core to being an American," Lummis said, adding that she will fight "for your rights to hold your own keys and run your own node." She further accused the Biden Administration of "criminalizing core tenants of the Bitcoin network and decentralized finance." ...
- prosecutors have pushed for criminal charges against software developers for unlicensed money transmission: an unsealed indictment against Bitcoin mixer Samourai Wallet, and a reply brief responding to the defense's motion to dismiss in the case against Tornado Cash developer Roman Storm.
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