Matt Corallo 🟠
Matt Corallo 🟠|Jun 03, 2025 18:11
We’ve got one shot at fixing the law or Americans simply won't have access to the best wallets available and US devs will be locked out of providing the best UX! It’s time for Bitcoiners and crypto bros to come together and fight for our right to access our wallets, before its too late. As most of you know, under Biden, the DOJ decided that ancillary services to noncustodial wallets are MSBs, charging both Samurai Wallet and Tornado Cash with operating an unregistered Money Services Business (nevermind that no regulator would have accepted theirr registration!). The definition the DOJ used applies not just to privacy services, but also to lightning nodes, rollup sequencers, defi frontends, and more. Basically every technology anyone has come up with for providing better scalability, privacy, or user experience for cryptocurrencies requires some kind of ancillary service, the exact things that would be made illegal! While the Trump DOJ has (partially) walked that back, the next admin will be right back at it - the only solution is to get the law changed so that this isn't a risk in three years. Luckily, the Blockchain Regulatory Certainty Act was recently re-introduced by @GOPMajorityWhip and @RepRitchie to fix this issue, but they need our help! Please, please, pick up the phone and make a 5 minute call to congress, make clear that this is a simple straightforward amendment of the law to bring it in line with existing FinCEN rules.
+6
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads