Developers beware: Could your code land you in legal trouble?

The DOJ’s indictment of Samourai Wallet's founders represents a direct attack on software developers building non-custodial, privacy-enhancing tools.

In a new paper, authored by DEF’s Spencer Peek, we examine the DOJ's indictment, arguing that their non-custodial, privacy-enhancing software does *not* constitute an unlicensed money transmitting business under existing laws.

To dig deeper into why this matters, please click the link below for the full paper:

https://www.defieducationfund.org/_files/ugd/84ba66_87dfb370e81a4766811bf16e5293c6da.pdf

In this paper @spencerpeek explains why devs of non-custodial software Samourai Wallet do not meet the legal definition of operating an unlicensed money transmitting business under criminal statute 18 USC 1960 and how DOJ’s indictment on that charge is unsupportable. 

Important contribution to the effort to push back on DOJ’s misinterpretation of Section 1960 💪

Chief Legal Officer at DeFi Education Fund @fund-defi. Human to bader the dog. Avid reader of fantasy fiction. Constantly seeking excellent food.