Opinion: The crypto industry has won two major legal victories recently, dealing a blow to Senator Warren's anti-money laundering bill

Odaily Planet Daily Report: According to a report by FOX Business reporter Eleanor Terrett, the crypto industry has achieved two major legal victories in the past few days: 1. Today, the Fifth Circuit Court of Appeals ruled that the U.S. Treasury Department's addition of the open-source protocol to the sanctions list was illegal. This ruling will set a precedent that open-source technology cannot be prohibited solely because it has been used by bad actors - this is also a blow to Senator Elizabeth Warren's anti-money laundering bill. 2. A district judge overturned the SEC's proposed expansion of the broker-dealer rule, which would have brought decentralized protocols and automated market makers under the agency's definition of "dealer," subjecting them to regulatory scrutiny. The judge ruled that the SEC was attempting to cast its net too widely, exceeding the powers granted to it by Congress.