A clarion call for the US to protect privacy preserving technologies, embrace encryption and disintermediation, and for citizens to be reawakened to the 4th Amendment's purpose and promise.

Coin Center’s Seven Takeaways from the Storm Verdict: ▪️ 1. The sole conviction—unlicensed money transmission (18 U.S.C. § 1960)—turns mainly on legal/regulatory interpretation (“does this count as money transmission?”), not jury fact-finding. ▪️ 2. The court, at the motion-to-dismiss stage, discounted FinCEN’s stated guidance on what counts as “money transmission” in crypto and treated the category as broader than “control of customer funds.” ▪️ 3. With “money transmission” defined that broadly, the jury’s room to decide facts was narrow; the court’s interpretation largely dictated the outcome. ▪️ 4. DOJ’s prior “end regulation by prosecution” memo didn’t fully resolve §1960 issues left things open for continued prosecution; the DOJ dropped the failure-to-register theory but not the “knowingly transmitting criminal funds” theory. Coin Center’s view: both hinge on “transmitting” and are improper against developers excluded by FinCEN guidance. ▪️ 5. The BRCA (Blockchain Regulatory Certainty Act), now attached to CLARITY and passed by the House, would confirm that non-controlling developers aren’t money transmitters. It can’t help Roman retroactively, but the Senate should pass it in upcoming market-structure debates. ▪️ 6. Coin Center fellow Michael Lewellen is suing DOJ for a declaration that publishing/maintaining his software isn’t unlicensed money transmission. Coin Center will continue supporting this effort to correct the legal interpretation. ▪️ 7. Coin Center is sorry Roman faces sentencing on a theory that contradicts the regulator’s guidance. He should appeal the denial of his motion to dismiss; Coin Center will assist however possible.

He was found guilty on the charge that directly contradicts FinCEN's guidance. Unbelievable.

Per @innercitypress, sounds like jurors are deadlocked on some charges, but have reached a decision on others — we should hear some verdicts soon.

Closings in the US v. Storm case are happening now, and @innercitypress is live tweeting. Follow along here:

Apple Screen Time functionality is so inconsistent and buggy it feels like the team is run by people who don’t even have kids

Massive wins for crypto in the House: GENIUS Act passes 307-122. CLARITY Act passes 294-134. 💪🚀🇺🇸

Greatly appreciate @RepFrenchHill and his team's tireless work on CLARITY -- and the key protections for DeFi and DeFi developers included in it. The Chairman is right: noncustodial, peer-to-peer self-executing code is very different than centralized trading platforms. CLARITY recognizes this.

Happy crypto week to all who celebrate

The revolution will not be televised. Join us as @ETHBoston @solanaboston and @DeSciBoston join forces with @blockchainwk this year. Defi & AI converge with TradFi and Boston is at the center. This will be the most action packed week in Boston history. Tickets & links below👇