This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
A coalition of major crypto advocacy groups is pushing back against the DOJ’s attempt to apply money transmission laws to open-source software developers. The groups argue that the DOJ is misusing existing statutes to target decentralized finance (DeFi) protocols. This legal battle could set a significant precedent for the future of crypto regulation.
- Crypto groups argue DOJ is misusing money transmission laws to target open-source developers.
- The case could set a precedent for how DeFi and crypto projects are regulated in the US.
- An amicus brief was filed in support of a developer building a non-custodial DeFi protocol.
📎 Related coverage from: cointelegraph.com