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Cryptocurrency discussions / Re: DOJ thinking transactions are an Unregistered Money Transmission Business
« on: Today at 03:49:07 PM »I'll leave it to the defendant's lawyers how they will present their arguments. I think the prosecutors would zone in on the mixing/coinjoin feature of the wallet.
I agree that this can be the very focus of the case against the two founders of Samourai Wallet for money laundering as we know that the government is not so friendly to mixing business and maybe they have the assumption that is something is hidden then something shenanigan can be behind the transactions. I am sure that this can be a landmark case that can define many things and can either prod the US government via its DOJ to file more cases under similar circumstances in the cryptocurrency industry or it would retract and stop its overreach not unless the defendants would opt for a more friendly settlement so as not to prolong the agony, so to speak.