Crypto Firms Urge Congress to Clarify DOJ Rule Shift

Crypto Firms Urge Congress to Clarify DOJ Rule Shift

More than 30 prominent cryptocurrency firms, led by the DeFi Education Fund, are calling on Congress to intervene in what they describe as the Department of Justice’s (DOJ) legally ambiguous and potentially damaging interpretation of money transmitter statutes. In a formal letter addressed to influential lawmakers—including Senate Banking Committee Chairman Tim Scott and House Judiciary Committee Chairman Jim Jordan—the signatories argue that...

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