US Senators Lummis and Wyden Make Alarming Allegation Against DOJ
NAIROBI (Coinchapter.com) – Startling accusations have been made by US Senators Cynthia Lummis and Ron Wyden. They claim that the Department of Justice (DOJ) under President Biden is threatening to criminalize the development of Bitcoin software in the United States. Their claim stems from the DOJ’s recent actions against cryptocurrency mixing services.
Lawmakers Express Concerns Regarding Legal Interpretation
In a letter dated May 9, the senators, representing both parties, raised questions to Attorney General Merrick Garland. They contested the DOJ’s “unprecedented interpretation” of laws that govern money transmitters. Additionally, they argued that holding non-custodial crypto software developers potentially criminally liable goes against established interpretations and raises significant concerns regarding the First Amendment.
Source: X
Senators Argue that Criminal Liability for Developers Contradicts Established Interpretations, Raising First Amendment Concerns
The senators’ letter highlights the DOJ’s stance as conflicting with the guidance provided by the Treasury Department’s Financial Crimes Enforcement Network (FinCEN). FinCEN had previously stated that non-custodial crypto services should not be treated as money transmitters because they do not have control over users’ funds.
Senator Lummis expressed her concerns, stating, “Wallet software should not be held responsible for illicit financial activities any more than a highway should be blamed for a bank robber’s getaway car.” This analogy demonstrates the potential implications beyond just the realm of cryptocurrency. Consequently, the DOJ’s position could impact a wide range of software developers.
Senator Wyden further emphasized the dangerous precedent of treating developers as criminals for publishing code that is used by others. This could undoubtedly have a chilling effect on innovation and free speech.
The bipartisan letter serves as a strong call for the administration to reconsider its position. Failure to address these concerns could have far-reaching consequences for the technology industry and potentially hinder innovation in a rapidly evolving digital landscape. Therefore, it is crucial to engage in constructive dialogue to find a balanced approach that promotes progress while mitigating risks.
