Stablecoins are the focus of the GENIUS Act, but if the bill is enacted into law, it will likely have an impact on U.S. citizens’ ability to use Bitcoin privately.
The prosecutors in the Samourai Wallet case have stated that they did not violate any legal norms in only recently sharing key details of a discussion that they had with members of FinCEN in August 2023 and push to move forward with the case.
This week, Deputy Attorney General Todd Blanche called for an end to targeting crypto mixers, while New York Attorney General Letitia James called for a further crackdown on them.
Almost one year after the U.S. government charged the Samourai Wallet developers with conspiracy to commit money laundering and conspiracy to operate an unlicensed money transmitting business, the developers appeared in court for another pre-trial hearing.
The charges brought against Samourai Wallet’s founders could be part of an international effort to limit Bitcoin privacy-preserving technologies, which would hurt those who need these technologies the most.
Bitcoin mixers are solutions (software or services) that let users mix their coins with other users, in order to preserve their privacy.While Bitcoin addresses...