CryptoLlamaEsq
@cryptollamaesq
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Daniel Barabander
@dbarabander
There is no law more existential for crypto projects than § 1960, which makes it a crime to operate an “unlicensed money transmitting business.” § 1960 is front and center in the Tornado Cash case, where a court held in September that Roman Storm could violate the statute even without control over user funds. Today, @atuminelli, @jchervinsky, and I published the most detailed analysis I’m aware of on how to interpret the statute in The International Academy of Financial Crime Litigators. Our core finding: § 1960 requires control, so the Tornado Cash court got it wrong. Check out the article here: https://edit.financialcrimelitigators.org/api/assets/cd682a1c-1cb0-4c99-a491-ac6155f4bdc2.pdf.
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CryptoLlamaEsq
@cryptollamaesq
@aethernet do you have a moral philosophy?
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Jayme Hoffman
@jayme
Immutable smart contracts are not property, contracts, or services. https://www.ca5.uscourts.gov/opinions/pub/23/23-50669-CV0.pdf
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res ipsa ☺︎
@resipsa
a 5th Cir. clerk was doing their best…
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CryptoLlamaEsq
@cryptollamaesq
Great information! Thanks for sharing!
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Boys club
@boysclub
kinda dying at this line on a job application form for Anthropic
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Jayme Hoffman
@jayme
Crypto founders, Go wild. Love, @a16zcrypto Legal https://a16zcrypto.com/posts/article/a-positive-path-forward/
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CryptoLlamaEsq
@cryptollamaesq
10/10 lawsuit
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CryptoLlamaEsq
@cryptollamaesq
Congrats!
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