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International Business Times
International Business Times
Business
Marvie Basilan

BIZARRE: Senator blasts doj s stance over self custody crypto wallets - You Need To See This

DOJ Crypto Cynthia Lummis United States Bitcoin Roman Storm Joe Biden Keonne Rodriguez

KEY POINTS

  • Lummis said the DOJ's non-custodial crypto wallet stance was contradictory to the Treasury's existing guidance
  • She also said criminalizing the development of private wallets was a threat to core US property rights
  • The DOJ has filed cases against the developers of Samourai Wallet and Tornado Cash

The U.S. Department of Justice (DOJ) has taken legal action against software developers that developed and operated self-custody cryptocurrency wallets, and Sen. Cynthia Lummis, R-Wyo., is highly concerned about it.

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