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Matt Corallo 🟠
Matt Corallo 🟠|Jun 03, 2025 18:11
We’ve got one shot at fixing the law or Americans simply won't have access to the best wallets available and US devs will be locked out of providing the best UX! It’s time for Bitcoiners and crypto bros to come together and fight for our right to access our wallets, before its too late. As most of you know, under Biden, the DOJ decided that ancillary services to noncustodial wallets are MSBs, charging both Samurai Wallet and Tornado Cash with operating an unregistered Money Services Business (nevermind that no regulator would have accepted theirr registration!). The definition the DOJ used applies not just to privacy services, but also to lightning nodes, rollup sequencers, defi frontends, and more. Basically every technology anyone has come up with for providing better scalability, privacy, or user experience for cryptocurrencies requires some kind of ancillary service, the exact things that would be made illegal! While the Trump DOJ has (partially) walked that back, the next admin will be right back at it - the only solution is to get the law changed so that this isn't a risk in three years. Luckily, the Blockchain Regulatory Certainty Act was recently re-introduced by @GOPMajorityWhip and @RepRitchie to fix this issue, but they need our help! Please, please, pick up the phone and make a 5 minute call to congress, make clear that this is a simple straightforward amendment of the law to bring it in line with existing FinCEN rules.
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Timeline

Jul 03, 16:47【Since the Sui mainnet, the number of developers has doubled】
Jul 03, 15:01【Bill to amend regulations on violations of Bitcoin and digital assets】
Jul 03, 09:27【Movement Global City Center Plan officially launched】
Jul 03, 09:19【Tether assists in recovering $40000 in cryptocurrency】
Jul 03, 01:06【The US Department of Justice has cracked the largest healthcare fraud case in history】
Jul 02, 13:28【Zama project with a financing of 130 million yuan has been launched on the public testing network】
Jul 02, 13:24【North Korean developers earn $165 million from cryptocurrency field】
Jul 02, 12:35【Hollywood may be held responsible for DEI discrimination】
Jul 02, 12:08【Details of the legal battle between the Department of Justice and the Federal Bureau of Investigation suing Biden】
Jul 02, 12:06【Federal court requests to know details of Biden's legal battle with the Department of Justice】

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