
U.S. Senators Cynthia Lummis and Ron Wyden have issued a bipartisan letter to Attorney General Merrick Garland, expressing grave concerns over the Department of Justice's (DOJ) recent shift in its interpretation of the Bank Secrecy Act and the definition of a 'money transmitter.' The senators argue that the DOJ's expanded interpretation could criminalize developers of non-custodial crypto asset software and stifle innovation. They specifically criticize the DOJ's actions against crypto mixing services like Tornado Cash and Samourai Wallet, urging the department to adhere to the established definition of money transmission, which requires both accepting and transmitting money. The letter calls for a reversal of the DOJ's FinCEN policy expansion.
A bi-partisan duo wrote a letter to the Department of Justice, challenging FinCEN’s “unprecedented interpretation” of rules used to sue crypto mixers https://t.co/ak8lNNIfvq
US Senators ring alarms over the DOJ's treatment of crypto mixers and its interpretation of money transmitters https://t.co/aGHRKqun4L
Much needed pushback on the DOJ's dangerously overbroad theory of money transmission in the Tornado Cash and Samourai cases. Thank you Senators @SenLummis and @RonWyden for your leadership. https://t.co/Y0rK8CzSM0


