US DOJ to back off money transmitter cases in shift backed by crypto

US DOJ to Back off Money Transmitter Cases in Shift Backed by Crypto

US DOJ to back off money transmitter cases in shift backed by crypto

The U.S. Justice Department does not plan to target software developers that create decentralized platforms for transmitting cryptocurrencies without criminal intent, a Justice official said on Thursday.

DOJ Eases Crypto Rules for Developers, Boosts DeFi Innovation Under Trump

In a significant pivot that could reshape federal oversight of digital assets, the U.S. Department of Justice (DOJ) has announced it will no longer pursue certain money transmitter cases against cryptocurrency developers and platforms lacking clear criminal intent. This policy shift, detailed in a memo from Acting Assistant Attorney General Matthew Galeotti, emphasizes that merely writing code or operating decentralized finance (DeFi) tools does…

DeFi Scores Major Win: DOJ Softens Stance on Money Transmitting Charges

The U.S. Department of Justice (DOJ) Acting Assistant Attorney General, Matthew Galeotti, has provided a major boost for the DeFi industry and developers, especially. This came following his remarks at the American Innovation Project (AIP). DeFi In Focus As DOJ Says Writing Code Alone Isn’t A Crime In his official remarks at the AIP, Galeotti The post DeFi Scores Major Win: DOJ Softens Stance on Money Transmitting Charges appeared first on CoinG…