On March 27, Coinbase, Kraken, Uniswap Labs, and 34 other crypto enterprises and foundations jointly wrote to the U.S. Congress, requesting clarification of the Department of Justice's broad interpretation of the "money transmitter" definition in Criminal Code Section 1960, stating that it threatens non-custodial software development in the United States. This clause was previously used to charge Tornado Cash co-founder Roman Storm, raising industry concerns. The DeFi Education Fund stated that current practices might criminalize ordinary developers, calling on Congress to clarify legislative intent and avoid an enforcement trend of "using criminal law in place of regulations". (Decrypt)
More than 30 crypto companies jointly urged the U.S. Congress to clarify the legal definition of "fund transmitter"
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