The coalition urges 34 concept companies and defense groups Congress to retreat against what they call “Unprecedented and excessively expansion” The legal interpretation used by the US Department of Justice (Doj) in its case against Crypto Mixer Tornado Cash developers.
In a letter dated March 26, the group-which was carried by the Defi Eduction Fund and participated in its signature by the top players in the industry Incurred Coinbase and Kraken – legislators who got it Ministry of Justice The current situation can criminalize almost all Blockchain software developers.
The message was sent To the key Committees in the House of Representatives and the SenateIncluding the Senate Banking Committee and the Financial Services Committee in the House of Representatives.
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Ministry of Justice Tornado Cash case threatens us to develop encryption, industry warning warning
The coalition argues that Ministry of Justice The legal strategy, which was first presented in its accusation regulations for Tornado Cash Roman Storm and Roman Semenov,. It poses a threat to The environmental system for the development of the entire digital assets in the United States.
The storm, which has admitted that it is not guilty and is currently trying to sponsor, seeks to do so Has the charges were rejected. Siminsov, a Russian citizen, is still generally.
The Ministry of Justice has provided similar charges against the founders of the Samurai portfolio, who also face the allegations of money laundering and acknowledged that they were not guilty.
Central in Coalition The complaint is Ministry of Justice Interpretation of what constitutes a “Transfer a job.” The message refers to American legal symbols – level 31 Section 5330 and clubs 18 Section 1960 – which determines and criminalizes the transfer of unlicensed funds.
It also indicates the 2019 directives of the Fincen Inclusion Network, which made it clear that the program developers who do not control the user’s money Do not be considered Money sending devices.
New: Today, the Defi Education Fund is proud to publish a coalition letter from industry leaders and preachers who call Congress to correction, what is from our collective point of view, is the serious misplaced Doj interpretation of the laws of money transfer.
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https://t.co/zbcifazbj8 pic.twitter.com/aqhdcjgc3
DEFI (Fund_defi) Education Fund March 26, 2025
However, it seems that the Ministry of Justice has rejected these differences, and their application king Interpretation to build cases against non -trustee developers.
The result, as the coalition claims, is a legal contradiction between Final and Doj, which puts developers in an uncertain and possibly risky position.
“IHe left without treatment, Ministry of Justice The approach can extend the criminal responsibility of program developers who never deal with customer money,” The message warned. “This would cool the innovation and development in the United States significantly“
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The US Treasury: There is no need for a final ruling after removing the hurricane funds from the sanctions list
Earlier this week, the US Treasury Department stated that there is no other court action required In the 2022 penalties on the Crypto Mixer Tornado Cash.
the Cabinet Forex Monitoring Office (OFAC) at first Listed in the blacklist The platform, on the pretext that was used by the north Korea Lazaros group for illegal money. In response, six users, supported by Coinbase, filed a lawsuit against the department, claiming that the sanctions were illegal.
On March 21, the Treasury removed Tornado Cash and its relevant smart contracts from the sanctions list, confirming in the court file that the case is now a discussion.
but, Coinbase’s A senior legal staff, Paul Groal, Hajj no Solve the legal question At the heart of the lawsuit.
Power does not recede voluntarily. He pants and pants so that he cannot. ATSHESURY After Friday, the pleading against Tornado Cash. After reliefly removed TC, they now claim that they have established any need for the final court ruling. But this is not the law, … pic.twitter.com/je8kd51x0Q
– Paulgrewal.eth (iampaulgrewal) March 23, 2025
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Main meals
- The coalition urges 34 congressing companies to oppose Ministry of Justice Interpretation of the money transfer laws used in the Tornado Cash case.
- Group argument Ministry of Justice The situation can criminalize the developers of the non -will program and the threat of Blockchain innovation in the United States
- Although the Ministry of Treasury, which prevents hurricane from the sanctions list, Coinbase insists on legal cases in The essence of the case Stay without solution.
Post -Congressing companies urge to challenge the extensive legal issue of the Ministry of Justice against Tornado cash developers, which appeared first on 99bitcoins.