Sunday, August 31, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

A new era for crypto? DOJ official says ‘well-intentioned’ developers are not a target

by SB Crypto Guru News
August 22, 2025
in Regulations
Reading Time: 4 mins read
0 0
A A
0


A new era for crypto? DOJ official says ‘well-intentioned’ developers are not a target
  • A top DOJ official says writing code “without ill intent is not a crime.”
  • The promise comes after the conviction of the Tornado Cash developer.
  • The DOJ vows not to use indictments as a lawmaking tool for crypto.

Standing before an anxious audience of cryptocurrency innovators in Wyoming, a senior official from the US Department of Justice delivered the precise message they were desperate to hear: the government’s perceived war on software developers is over.

In a landmark speech, he declared that the simple act of writing code, when done without criminal intent, is not a crime.

The official, Matthew Galeotti, acting assistant attorney general in the DOJ’s criminal division, made the powerful assurances on Thursday at an event hosted by the new crypto advocacy group, American Innovation Project.

His words, met with vigorous applause, represented a dramatic and deliberate shift in tone from a department whose recent actions have sent a chill through the entire developer community.

A line in the sand after the storm

Galeotti drew a firm line, promising that the DOJ would not weaponize the legal system to indirectly regulate the digital asset space. 

“The department will not use federal criminal statutes to fashion a new regulatory regime over the digital asset industry,” he said. 

The department will not use indictments as a lawmaking tool. The department should not leave innovators guessing as to what could lead to criminal prosecution.

Then came the centerpiece of his address, a clear and unambiguous declaration: “merely writing code without ill intent is not a crime.”

This was not a vague promise. Galeotti directly addressed the legal statute used to convict the developers behind both Tornado Cash and Samourai Wallet, stating that the DOJ would not press charges under that code unless prosecutors have “evidence that a defendant knew of the specific legal requirements and willfully violated it.” 

He went further, extending a shield to projects where “software is truly decentralized and solely automates peer-to-peer transactions, and where a third party does not have custody and control over user assets.”

The shadow of the Southern district

But those words of reassurance were delivered against the chilling backdrop of recent history.

The speech comes on the heels of two high-profile and deeply controversial victories for US prosecutors.

Most prominent was the conviction of Tornado Cash developer Roman Storm for running an unlawful money transmitting business, a verdict that many in the industry saw as a direct criminalization of open-source code.

This is the conflict that has haunted the industry: a seeming disconnect between the department’s top brass and its most aggressive prosecutors.

An April memo from Deputy Attorney General Todd Blanche had already signaled a more careful approach under the Trump administration, even disbanding the national cryptocurrency enforcement team.

Yet despite that memo, the powerful Southern District of New York (SDNY) pressed forward with its cases against Storm and the Samourai Wallet developers, creating a climate of profound uncertainty and fear.

A cautious sigh of relief

Galeotti’s speech was a direct attempt to quell that fear and reassert a unified, top-down policy. 

“Developers of neutral tools with no criminal intent should not be held responsible for someone else’s misuse of these tools,” he stated. 

If a third party’s misuse violates criminal law, then that third party should be prosecuted, not the well-intentioned developer.

For an industry that has felt under siege, pouring millions into lobbying efforts to protect its innovators, the speech felt like a potential turning point.

It was a public validation of their core argument.

“The fact that the DOJ acknowledged that software developers should not be held responsible for third parties’ misuse of their code affirms what we have been advocating for years,” said Amanda Tuminelli, executive director of the DeFi Education Fund, in a statement. 

Let’s celebrate this as a moment of progress and remember that there is still more work to be done to change the law permanently.


Share this article

Categories

Tags



Source link

Tags: Bitcoin NewsCryptoCrypto NewsCrypto UpdatesDevelopersDOJEraLatest News on CryptoOfficialSB Crypto Guru Newstargetwellintentioned
Previous Post

Here’s What Traders Should Watch Next

Next Post

NVIDIA Unveils GeForce NOW Upgrade with RTX 5080 Power

Related Posts

Crypto ETF market expands with 92 filings awaiting SEC decision

Crypto ETF market expands with 92 filings awaiting SEC decision

by SB Crypto Guru News
August 29, 2025
0

Solana has eight ETF applications pending. XRP follows with seven ETF applications. Grayscale seeks to convert five trusts into ETFs....

XRP gains legal clarity in US after Ripple settles SEC case

XRP gains legal clarity in US after Ripple settles SEC case

by SB Crypto Guru News
August 8, 2025
0

Settlement confirms XRP is not a security in the US. Analysts see potential for a BlackRock XRP ETF. Bitcoin maximalists...

Stellar (XLM) eyes 35% rally as Ripple and SEC end 5-year legal battle

Stellar (XLM) eyes 35% rally as Ripple and SEC end 5-year legal battle

by SB Crypto Guru News
August 8, 2025
0

Ripple Labs and the regulator jointly withdrew their respective appeals. The resolution has bolstered sentiments across the industry. XLM has...

SEC staff statement on liquid staking may pave way for staking in spot Ether ETFs

SEC staff statement on liquid staking may pave way for staking in spot Ether ETFs

by SB Crypto Guru News
August 6, 2025
0

SEC staff said certain liquid staking activities do not constitute the sale of securities in a new clarification. The statement...

Wyoming Senator pushes bill to allow crypto in mortgage

Wyoming Senator pushes bill to allow crypto in mortgage

by SB Crypto Guru News
July 30, 2025
0

Senator Lummis has introduced a bill to include crypto in mortgage approvals. The bill targets young buyers and aligns with...

Load More
Next Post
NVIDIA Unveils GeForce NOW Upgrade with RTX 5080 Power

NVIDIA Unveils GeForce NOW Upgrade with RTX 5080 Power

Bitcoin Standard Author Debunks Claims of an Economic Miracle in Argentina

Bitcoin Standard Author Debunks Claims of an Economic Miracle in Argentina

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

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

SITE MAP

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

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News 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
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.