The article discusses a recent shift in U.S. political support for bitcoin, particularly regarding the right to hold private keys. With politicians proposing pro-bitcoin legislation, there's optimism contrasting with previous antagonism under the Biden administration. A significant aspect of this ongoing advocacy is the preservation of privacy in bitcoin transactions, particularly through mixers like Samourai Wallet, which was shut down after legal challenges. Notably, Senators Lummis and Wyden have voiced support for the developers facing charges, highlighting conflicting approaches to crypto legislation, especially concerning anonymity and compliance.
Some politicians, including Senator Cynthia Lummis (R-WY) and Ron Wyden (D-OR) have come out in support of the Samourai developers, drafting a letter to the former U.S. Attorney General, the Honorable Merrick Garland, in which they outlined that the developers clearly did not operate a money transmitting business as per the definition of such a business in FinCEN guidance from 2019.
It’s surely refreshing, especially after the political antagonism that Bitcoiners and the Bitcoin industry endured under the Biden administration.
Collection
[
|
...
]