The blockchain specialist, Michael Lewellen, has taken legal action against the United States Department of Justice, alleging that their method for creating blockchain code is both faulty and unfair, as stated by him.
As a dedicated crypto investor, I’ve taken a stand alongside Lewellen, a distinguished lecturer at Dallas University and a respected member of the Texas Blockchain Council. In response to the recent aggressive legal actions by the DOJ against platforms such as Tornado Cash and their developers, he has filed a lawsuit. This move is an effort to protect the future of decentralized finance and uphold the principles that underpin the crypto industry.
Federal authorities aim to categorize platforms such as Tornado Cash under money transfer service regulations. Developers of these blockchain systems are being sued and sanctioned for allegedly creating codes with the understanding that they might be exploited by criminals down the line.
In response to the DOJ’s view on the law, the crypto sector has vehemently disagreed, drawing a comparison between their stance and accusing car manufacturers for causing traffic accidents.
Previously, a federal judge decided that creators of decentralized protocols like Tornado Cash are not held responsible for their actions. Consequently, Tornado Cash was taken off the Treasury’s sanctions list. Yet, developers of Tornado Cash and people linked to other cryptocurrency mixers are still on the Department of Justice’s radar for potential prosecution.
The focus of this legal action is on upholding an environment where inventors feel secure in their creative endeavors, and laws aren’t manipulated to impede advancement. For far too long, the Biden administration has exploited ambiguity to deter innovators from embracing novel technology or compel them to depart from the U.S. This practice must be halted.
Michael Lewellen on X
Lewellen’s complaint outlines three primary contentions:
1. The Department of Justice doesn’t have the legislative power to sue software developers for supposedly operating “money-transmitting businesses.”
2. The crackdown encroaches on the freedom of speech as protected by the First Amendment.
3. The department’s actions are unjust, violating the principles of fair treatment guaranteed by due process.
The legal action is backed by the cryptocurrency advocacy organization, CoinCenter, and marks the most recent industry initiative aiming to safeguard the freedom to program.
Today, I’m asserting my stance against what I perceive as an unfair restriction by the Biden administration on the progress of cryptocurrency innovation. I’ve initiated a legal action aimed at contesting the Department of Justice’s questionable and unjust interpretation of the law.
My current project, Pharos, is a decentralized platform designed for public goods, which doesn’t involve custody of funds…
— Michael Lewellen (@LewellenMichael) January 16, 2025
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2025-01-17 01:42