Sunday, June 29, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

US Attorney General Faces Lawsuit Over Crypto Software

January 17, 2025
in Blockchain
Reading Time: 3 mins read
0 0
A A
0
Home Blockchain
Share on FacebookShare on TwitterShare on E Mail


Michael Lewellen, a crypto developer and member of Coin Middle, has filed a lawsuit in opposition to US Legal professional Normal Merrick Garland.

The go well with, submitted in Texas federal courtroom on January 16, asks to verify that Lewellen’s deliberate software program, Pharos, is authorized and to stop future prosecution in opposition to him.

Pharos is a non-custodial cryptocurrency software program designed to help crowdfunding campaigns with out managing customers’ funds.

Do you know?

Wish to get smarter & wealthier with crypto?

Subscribe – We publish new crypto explainer movies each week!

Proof of Work vs Proof of Stake: Which is Higher? (ANIMATED)

Proof of Work vs Proof of Stake: Which is Better? (ANIMATED)
Proof of Work vs Proof of Stake: Which is Better? (ANIMATED)

In a January 16 submit on X, Lewellen warned that the Division of Justice’s (DOJ) method might stifle progress in blockchain know-how, saying, “This isn’t nearly Pharos; it’s about the way forward for cryptocurrency innovation in America”.

The problem stems from how the DOJ applies money-transmitting legal guidelines. Lewellen argues that the DOJ has stretched these legal guidelines past their supposed scope, which violates constitutional protections without cost speech and due course of.

The submitting references previous circumstances the place the federal government prosecuted crypto builders, together with Roman Storm of Twister Money and Keonne Rodriguez of Samourai Pockets. Each builders have been charged for creating cryptocurrency mixing instruments beneath claims of working unlicensed money-transmitting companies.

Lewellen’s authorized crew contends that these prosecutions unfairly goal software program creators who neither management nor deal with customers’ funds.

Lewellen emphasizes that Pharos operates otherwise. In line with the grievance, the software program doesn’t grant its creator management over any cryptocurrency that customers ship by means of it.

The argument is that cash transmission requires management over funds, which doesn’t apply to Pharos or related non-custodial software program.

Coin Middle, an advocacy group for cryptocurrency insurance policies, is backing Lewellen on this authorized battle. They view it as a essential step in defending innovation inside the business.

In the meantime, two tech organizations lately took authorized motion in opposition to the Shopper Monetary Safety Bureau (CFPB). What does the lawsuit say? Learn the complete story.

Aaron S. Editor-In-Chief

Having accomplished a Grasp’s diploma in Economics, Politics, and Cultures of the East Asia area, Aaron has written scientific papers analyzing the variations between Western and Collective types of capitalism within the post-World Warfare II period.With near a decade of expertise within the FinTech business, Aaron understands the entire greatest points and struggles that crypto lovers face. He’s a passionate analyst who is anxious with data-driven and fact-based content material, in addition to that which speaks to each Web3 natives and business newcomers.Aaron is the go-to particular person for every little thing and something associated to digital currencies. With an enormous ardour for blockchain & Web3 schooling, Aaron strives to rework the house as we all know it, and make it extra approachable to finish freshmen.Aaron has been quoted by a number of established shops, and is a printed creator himself. Even throughout his free time, he enjoys researching the market developments, and in search of the following supernova.



Source link

Tags: AttorneycryptoFacesgeneralLawsuitSoftware
Previous Post

XRP Price Soars 7% But This Might Be The Best Crypto To Buy

Next Post

Russian National Sentenced to 7 Years for Crypto-Funding Ukrainian Armed Forces

Related Posts

Bitcoin (BTC) Faces Limited Momentum Amid On-Chain Activity Slowdown
Blockchain

Bitcoin (BTC) Faces Limited Momentum Amid On-Chain Activity Slowdown

June 28, 2025
The dollar’s falling apart. What happens next
Blockchain

The dollar’s falling apart. What happens next

June 28, 2025
Cryptocurrency Adoption in Developing Nations: Opportunities and Challenges
Blockchain

Cryptocurrency Adoption in Developing Nations: Opportunities and Challenges

June 28, 2025
Bitcoin Mortgages: A New Frontier in Crypto and Housing Finance
Blockchain

Bitcoin Mortgages: A New Frontier in Crypto and Housing Finance

June 27, 2025
Blockchain

CLT Token Is Redefining E-Sports Economics with Blockchain: Fair Rewards, Real Ownership, and a Player-Driven Future

June 26, 2025
WLFI Teases Token Trading and Stablecoin Audit
Blockchain

WLFI Teases Token Trading and Stablecoin Audit

June 27, 2025
Next Post
Russian National Sentenced to 7 Years for Crypto-Funding Ukrainian Armed Forces

Russian National Sentenced to 7 Years for Crypto-Funding Ukrainian Armed Forces

Crypto Fear And Greed Index Barrels Toward Extreme Greed Again As Bitcoin Price Clears $101,000, Is This Good News?

Crypto Fear And Greed Index Barrels Toward Extreme Greed Again As Bitcoin Price Clears $101,000, Is This Good News?

Coinbase’s Base sets sights on $100 billion and 25 million users in 2025

Coinbase's Base sets sights on $100 billion and 25 million users in 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In