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NEW: The new draft of the CLARITY Act (market structure legislation) from U.S. Senators includes language that stipulates that developers and purveyors of non-controlling (non-custodial) Bitcoin and crypto tech are NOT money transmitters.

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Discussion

Frank Corva 5mo ago

Read full draft here: https://www.banking.senate.gov/imo/media/doc/senate_banking_committee_digital_asset_market_structure_legislation_discussion_draft.pdf

rare 5mo ago

So, that means Samourai Wallet case is done, right?

Frank Corva 5mo ago

No, sir.

This is just a draft of a bill, not a new law. And even if it were to become law, I’m not sure what effect that might have on the case, as it wasn’t the law when the Samourai Devs were charged.

rare 5mo ago

Massively lame.

Thanks for keeping us all up to date. 🫡

Kevin Ravens₿erg ⚡️ ☁️ 5mo ago

Great, coinjoin coordination is not money transmission

Noisy signal 5mo ago

This is an attack on self custody against developers.