DOJ: To Write Code No Be Crime, E Clear Crypto Law
U.S. Department of Justice (DOJ) don yan say code we person write no get bad mind to cause fraud or illegal business no go fit carry person go court. Matthew J. Galeotti wey dey act as Assistant Attorney General tok for one American Innovation Project event wey happen for Wyoming say only when person dem get bad plan – like laundering money or wan run away from sanction – na dat one dem go take do case. Dis change for policy mean say dem no go dey harsh for projects like Tornado Cash again and e go help developers sabi law well well. For di new crypto regulation wey dem clear, if person no get bad mind write code, law go cover am under 18 U.S.C. § 1960. Dis policy come to stop wahala wey follow after dem condemn Tornado Cash co-founder and to stop SDNY from prosecuting privacy-tool teams. E wan make innovation and stability for DeFi platforms and blockchain better. Groups inside industry like DeFi Education Fund praise dis announcement and dem talk say make dem do better law wey go last. By to separate normal coding from bad work, DOJ dey show say dem wan make crypto regulation wey good for developers and fit make market people get more trust.
Bullish
Dis DOJ announcement dey reduce legal wahala for developers and e dey counter wetin dem do before wey no soft, dis one fit boost confidence for crypto market. For short time, traders fit see dis clearer regulatory stance as green light for DeFi projects, e go lift sentiment and trading volumes. For long run, developer-friendly crypto regulation framework fit attract more innovation, capital inflows, and institutions wey go join body, e go support sustainable growth everywhere for blockchain ecosystems.