Crypto Advocacy Groups Urge Dismissal of Case Against Bitcoin Mixer Samourai
Crypto advocacy groups are advocating for the dismissal of the case against Samourai Wallet, which was shut down by U.S. authorities accusing it of operating as an illegal money transmitter. The groups, including the Blockchain Association and Coin Center, argue that the software created by Samourai merely facilitates transactions without handling funds directly, thus not qualifying as money transmission under the law. They emphasize that privacy in financial transactions is normal and essential, akin to cash transactions in everyday life. The defense claims that the prosecution lacks a valid basis since the developers do not control user funds, and this perspective aligns with guidance from the Financial Crimes Enforcement Network (FinCEN). The collaborative efforts from these advocacy groups aim to highlight the importance of allowing financial privacy in the crypto space, especially as regulatory actions against similar services, like Tornado Cash, are scrutinized for their implications on user rights and privacy.
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