DeFi Daily News
Saturday, July 18, 2026
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Cryptocurrency Altcoins

rewrite this title US Attorney General Faces Lawsuit Over Crypto Software

Editor-In-Chief, BitDegree by Editor-In-Chief, BitDegree
January 17, 2025
in Altcoins
0 0
0
rewrite this title US Attorney General Faces Lawsuit Over Crypto Software
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

Michael Lewellen, a crypto developer and member of Coin Center, has filed a lawsuit against US Attorney General Merrick Garland.

The suit, submitted in Texas federal court on January 16, asks to confirm that Lewellen’s planned software, Pharos, is legal and to prevent future prosecution against him.

Pharos is a non-custodial cryptocurrency software designed to support crowdfunding campaigns without managing users’ funds.

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe – We publish new crypto explainer videos every week!

Sidechains in Crypto Explained EASILY (Animated)

Sidechains in Crypto Explained EASILY (Animated)
Sidechains in Crypto Explained EASILY (Animated)

In a January 16 post on X, Lewellen warned that the Department of Justice’s (DOJ) approach could stifle progress in blockchain technology, saying, “This isn’t just about Pharos; it’s about the future of cryptocurrency innovation in America”.

The issue stems from how the DOJ applies money-transmitting laws. Lewellen argues that the DOJ has stretched these laws beyond their intended scope, which violates constitutional protections for free speech and due process.

The filing references past cases where the government prosecuted crypto developers, including Roman Storm of Tornado Cash and Keonne Rodriguez of Samourai Wallet. Both developers were charged for creating cryptocurrency mixing tools under claims of operating unlicensed money-transmitting businesses.

Lewellen’s legal team contends that these prosecutions unfairly target software creators who neither control nor handle users’ funds.

Lewellen emphasizes that Pharos operates differently. According to the complaint, the software does not grant its creator control over any cryptocurrency that users send through it.

The argument is that money transmission requires control over funds, which does not apply to Pharos or similar non-custodial software.

Coin Center, an advocacy group for cryptocurrency policies, is backing Lewellen in this legal battle. They view it as a critical step in protecting innovation within the industry.

Meanwhile, two tech organizations recently took legal action against the Consumer Financial Protection Bureau (CFPB). What does the lawsuit say? Read the full story.

Aaron S. Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: AttorneyCryptofacesGenerallawsuitrewriteSoftwaretitle
ShareTweetShare
Previous Post

rewrite this title Aave’s New Proposal Suggests Scaling With Bitcoin As Strategy For Treasury Growth

Next Post

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

Next Post
rewrite this title Crypto Fear And Greed Index Barrels Toward Extreme Greed Again As Bitcoin Price Clears 1,000, Is This Good News?

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

Leave a Reply Cancel reply

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

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title and make it good for SEOOakmark Fund U.S. Equity Market Q2 2026 Commentary

rewrite this title and make it good for SEOOakmark Fund U.S. Equity Market Q2 2026 Commentary

July 13, 2026
rewrite this title Ethereum Faces Bearish Pressure As Sentiment Hits 12-Month Low – Can ETH Avoid Dropping Below ,000? | Bitcoinist.com

rewrite this title Ethereum Faces Bearish Pressure As Sentiment Hits 12-Month Low – Can ETH Avoid Dropping Below $2,000? | Bitcoinist.com

March 1, 2025
rewrite this title Will the Next Bilt Credit Card Please Stand Up? – NerdWallet

rewrite this title Will the Next Bilt Credit Card Please Stand Up? – NerdWallet

March 18, 2025
How will the Fed cope with Trump’s tariffs? A former Fed president shares her take.

How will the Fed cope with Trump’s tariffs? A former Fed president shares her take.

April 3, 2025
rewrite this title and make it good for SEOMinnesota to hold recreational retail license lottery on Tuesday

rewrite this title and make it good for SEOMinnesota to hold recreational retail license lottery on Tuesday

July 18, 2025
Trump announces 25% tariff on India, pending home sales fall, Oppenheimer boosts S&P target to 7,100

Trump announces 25% tariff on India, pending home sales fall, Oppenheimer boosts S&P target to 7,100

July 30, 2025
rewrite this title Deadspin | TJ Rumfield drives in four to lift Rockies past Reds

rewrite this title Deadspin | TJ Rumfield drives in four to lift Rockies past Reds

July 18, 2026
rewrite this title Saylor Rejects BIP 110, Warns Softfork Threatens Bitcoin’s Neutral Rules

rewrite this title Saylor Rejects BIP 110, Warns Softfork Threatens Bitcoin’s Neutral Rules

July 18, 2026
I’ve Been Financially In The Dark For 46 Years

I’ve Been Financially In The Dark For 46 Years

July 18, 2026
rewrite this title “Beat that girl’s a**” – Female WWE star mocks Charlotte Flair

rewrite this title “Beat that girl’s a**” – Female WWE star mocks Charlotte Flair

July 18, 2026
rewrite this title Box Office: ‘The Odyssey’ Opening to 0.5M U.S., Record for Matt Damon

rewrite this title Box Office: ‘The Odyssey’ Opening to $120.5M U.S., Record for Matt Damon

July 18, 2026
Rich Mindset vs Poor Mindset: This Determines If You Build Wealth (Change Before Next Bull Cycle!)

Rich Mindset vs Poor Mindset: This Determines If You Build Wealth (Change Before Next Bull Cycle!)

July 18, 2026
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily 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
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.