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DeFi Education Fund

@fund-defi

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DeFi Education Fund pfp
DeFi Education Fund
@fund-defi
3/ For an analysis of the charges in this case related to money transmission, check out DEF’s recent paper on the matter: https://www.defieducationfund.org/post/def-authors-new-paper-exploring-samourai-wallet-money-transmitters
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DeFi Education Fund
@fund-defi
Notable update in the Samourai Wallet Case: Today, devs’ lawyers revealed that despite being *explicitly* told by FinCEN that non-custodial software such as Samourai Wallet is most likely not a money transmitter, DOJ prosecuted the devs anyway…
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DeFi Education Fund
@fund-defi
2/ The letter makes clear that on August 23, 2023 - 6 months before the indictment - prosecutors knew FinCEN’s view: “under FinCEN’s guidance, the fact that Samourai Wallet did not take custody of cryptocurrency would “strongly suggest” that they were not a money transmitter.”
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DeFi Education Fund
@fund-defi
Do you care about privacy? Do you care about keeping America as the hub for innovation? If you said yes to either, *SIGN* our petition calling for dismissal of the case against software developer Roman Storm.
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DeFi Education Fund
@fund-defi
If you care about ENDING the lawless prosecution of software developers in the U.S., and dismissing the case against Roman Storm, please sign our petition👇 Protect developers. Protect innovation. Protect DeFi. Protect America's leadership in tech.
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DeFi Education Fund pfp
DeFi Education Fund
@fund-defi
If you care about ENDING the lawless prosecution of software developers in the U.S., and dismissing the case against Roman Storm, please sign our petition👇 Protect developers. Protect innovation. Protect DeFi. Protect America's leadership in tech.
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DeFi Education Fund
@fund-defi
5/ President Trump has called for America to be the "crypto capital of the planet." If we want that vision to become a reality, we must protect software developers and DeFi builders.
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DeFi Education Fund
@fund-defi
6/ We hope you will join us in elevating the importance of this issue and in urging the Trump administration to act expeditiously by *ENDORSING* this petition at the link below. How? You can sign via X or with your wallet for stronger, on-chain validation. 👇 https://section1960.defieducationfund.org/
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DeFi Education Fund
@fund-defi
4/ The actions from the government contradict clear FinCEN guidance from Trump's prior administration: Developers of self-custodial, peer-to-peer protocols are NOT money transmitters.
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DeFi Education Fund
@fund-defi
2/ The Biden-era DOJ sought to criminalize open-source software development. Look no further than the prosecution of Roman Storm in the Southern District of New York (SDNY). We have a real opportunity to shift course under the Trump administration, and we must act swiftly to present a unified DeFi voice to those in gov’t leadership roles to reinforce why this issue is of the utmost importance to the future of financial innovation in the United States. https://section1960.defieducationfund.org/
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DeFi Education Fund
@fund-defi
3/ “Under a novel and unprecedented theory, the SDNY is attempting to hold software developers criminally liable for how others use their code — even when the developers have no control over those third parties, or user assets. This is not only absurd in principle, but it sets a precedent that potentially chills all crypto development in the United States. Such a framework threatens the very foundation of technological innovation.”
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DeFi Education Fund
@fund-defi
1/ Today, DEF is pleased to launch a petition calling on the Trump administration to END the lawless prosecution of software developers in the U.S. 🧵 https://section1960.defieducationfund.org/
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Amanda Tuminelli
@atuminelli
We @fund-defi wrote 5 guiding principles for the SEC Crypto Task Force to consider as they implement a Token Safe Harbor for projects *intending to decentralize*, which include proposed eligibility and exit criteria. Check it out and tell us what you think in our feedback form linked below. https://www.defieducationfund.org/post/defi-education-fund-submits-guiding-principles-for-token-safe-harbor-to-sec-crypto-task-force
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DeFi Education Fund
@fund-defi
7/ We urge the Court to grant certiorari on Harper’s petition and affirm the constitutional principle that privacy protections must evolve with modern technology. New technology requires new considerations of the law, and we strongly urge SCOTUS to hear this case.
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DeFi Education Fund
@fund-defi
6/ The third-party doctrine should not apply to blockchain-based records that, once linked to a user’s identity, allow the government to both retroactively and prospectively monitor a person’s entire financial transaction history.
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DeFi Education Fund
@fund-defi
5/ The Brief focuses on the “third-party doctrine” – a legal principle that says if you voluntarily share information with a third party, you lose your Fourth Amendment protection over that information. But we explain that, “[t]hird-party sharing defeats a person’s Fourth Amendment rights only under limited circumstances, none of which were present here.”
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DeFi Education Fund
@fund-defi
3/ In support of James Harper challenge to the IRS, in Oct. 2023, DEF submitted an Amicus Brief to the First Circuit Court of Appeals, arguing that the IRS’s data collection practices violate Fourth Amendment rights because blockchain records are far more revealing than traditional financial records. https://www.defieducationfund.org/_files/ugd/e53159_492b137460ef4263aa43f3fcb946a1cd.pdf
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DeFi Education Fund
@fund-defi
4/ In this latest Amicus Brief, DEF argues that the IRS’s warrantless acquisition of digital asset transaction records from Coinbase violates the Fourth Amendment protection against unreasonable searches and seizures.
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DeFi Education Fund
@fund-defi
1/ On Friday, DEF submitted an Amicus Brief supporting James Harper as he petitions the U.S. Supreme Court (SCOTUS) for a Writ of Certiorari. In this legal brief, DEF is urging SCOTUS to hear Harper’s case. https://www.defieducationfund.org/post/def-submits-amicus-brief-to-protect-american-s-fourth-amendment-rights Why? Let’s dive in 👇
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DeFi Education Fund
@fund-defi
2/ For background, the case concerns a “John Doe” summons the IRS sent to Coinbase seeking information about users' financial transactions. After a court battle, the IRS was able to collect information about 8.9 million transactions from 14,355 Americans (of note, *none* of these Americans were accused of any wrongdoing prior to the summons). TLDR: The lawsuit raises critical questions about whether individuals retain their right to privacy, guaranteed by the Fourth Amendment, in financial data shared with third-party platforms like Coinbase, particularly when that data can be linked to a blockchain address that reveals the user’s full transaction history, past and future.
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