Good morning. Today is a good day. The US Government has agreed to release TDev on bail according to a letter filed on July 3rd.
TDev's defense makes incredibly smart arguments, stating that the US Government's prosecution is as "aggressive as it is expansive, akin to charging Apple for cybercrimes commited with MacBooks. And like such a charge, it impermissibly uses criminal law to affect policy change. He is facing charges he can, should, and will contest at trial."
Putting the charges in context, the defense states that "to stop Bitcoin wallet providers from providing privacy and security services, or to force them to police their customers as banks must, the government has not sought to change the law, or even FinCEN’s guidance on it."
The letter states that the US Government "has prosecuted individuals operating a service they had every reason to believe was legal, and stretched to decorate the charges with decontextualized quotes that attempt to sketch out their agreement to criminal transactions the government does not allege they knew about in advance or explicitly agreed to".
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