The post Lummis and Wyden Push Back Against DOJ’s Stance on Crypto Developers appeared first on Coinpedia Fintech News
US Senators Cynthia Lummis and Ron Wyden, in a letter to the US Attorney General, have expressed concerns over the Biden administration’s misinterpretation of FinCEN laws that could categorize BTC developers as criminals. Wyden, along with Lummis, has urged the DOJ to align with FinCEN and take action against individuals transmitting digital assets instead of targeting software developers. Lummis has also defended individual rights to self-custody of their crypto assets and emphasized the importance of safeguarding the right to store private keys in personal wallets.