Bringing criminal charges against investors in an open-source protocol would be an insane abuse of power that would set a dangerous precedent. The Trump administration says that it wants to make the US the crypto capital of the world. Well, this is NOT the way to do that.

As of Thursday, in their Rule 29 response, the DOJ is still pushing this theory that Storm, by publishing TC software, provided a "valuable service" to a sanctioned entity because DPRK used the protocol. This flawed principle is limitless: if I make a hammer with no particular

Since our statement on Friday, we've received overwhelming support from across the crypto, tech, and venture communities. We want to sincerely thank you all for standing behind us. The DOJ has now backtracked. They have stated on the record in the trial Monday morning that the

Plea deals are risk calculations - for both the government and the accused. For the accused, you weigh limiting your downside risk (longer prison sentence) against admitting to something you didn't do. And the government weighs possibility of losing at trial against securing an

Plea deals here do not change the underlying issue, which is that the DOJ misinterpreted 1960 by accusing noncustodial software developers of money transmission. We will continue to work to make sure that DOJ changes course on this issue.

Today the White House is releasing its comprehensive report on digital assets, providing long-awaited regulatory clarity for innovators in a cutting-edge industry. President Trump is delivering on his promise to make the U.S. the crypto capital of the planet.

Amazing summary. Thank you Rebecca Rettig for putting this together!

First time waiting for a jury verdict? There are two main events to watch for: 1) the jury sends a note or question for the judge to answer, which might imply what they're thinking or what direction they're leaning — although reading tea leaves is hit or miss 2) the jury says

Congratulations to Paul Atkins on launching Project Crypto, "a Commission-wide initiative to modernize the securities rules and regulations to enable America’s financial markets to move on-chain." Coming after yesterday’s PWG report, this signals that implementation is now

1/ PROJECT CRYPTO A mandate from the SEC Chair for the entire agency to update federal securities regulations so that crypto can flourish in the USA 🇺🇸 This is the start of the biggest push for regulatory clarity in crypto's history. The SEC has 3.5 years to make it a reality.

We DeFi Education Fund will continue to support Roman as he fights the conviction on Section 1960, a fundamentally flawed charge from the start, and appeals it to the Second Circuit. This charge was the most technical and legally nuanced, and probably the most confusing for the jury. It

Here is Judge Failla in the Storm case this afternoon: "I think the stability of the verdict is very much in play... I think the 1960 [charge] is perhaps the most interesting of the legal issues..." This is absolutely NOT over - the government's overreach here will not stand.

Today, I share a mid-year letter explaining the important work that DeFi Education Fund has done since January. I’ve been thinking a lot about DEF's unique position as the only DeFi-focused, nonpartisan nonprofit research & advocacy org at this particular moment in digital asset policy 👇