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Michael Mosier
“in every single case…the Def directly connected w/ the SDN or created a tool *for* the SDN specifically. There was no case - none - where a Def made a tool w/ no particular end user in mind & was then convicted of violating sanctions b/c an SDN ended up with that tool in hand.”
26.7. klo 23.43
As of Thursday, in their Rule 29 response, the DOJ is still pushing this theory that Storm, by publishing TC software, provided a "valuable service" to a sanctioned entity because DPRK used the protocol. This flawed principle is limitless: if I make a hammer with no particular end user in mind and somehow that hammer ends up being used by DPRK, I provided them a "valuable service."
But you don't see them going after Apple for the iPhone, Google for its tech suite, etc., even though these tech tools are used by the DPRK. That's because this is a gross distortion of the law.
Back when we @fund_defi @jchervinsky wrote our amicus brief in support of @rstormsf's MTD, we reviewed over 100 sanctions cases and provided the court with a table of them - in every single case there was nexus between the sanctioned entity and the defendant, some evidence the defendant directly connected with the SDN or created a tool *for* the SDN specifically. There was no case - none - where a defendant made a tool with no particular end user in mind and was then convicted of violating sanctions because an SDN ended up with that tool in hand.
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Michael Mosier kirjasi uudelleen
Yes. So many staff members worked in good faith, dove deep into the tech, thought hard about all of the (sometime competing) policy goals, and gave up mountains of sleep in order to craft the wildly bipartisan crypto bills voted on today. Gratitude to the lawmakers but very much also to their staff doesn’t even cover it. Amazing work. And perhaps given how divisive politics can feel lately, @xethalis’s point is all the more important. ❤️🙏
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Michael Mosier kirjasi uudelleen
A note of thanks to the dedicated staff who have labored for years on stablecoins and market structure. Drafting text, taking comments, and negotiating across the aisle.
Tomorrow the President will sign GENIUS and in the coming weeks the senate will take up market structure. All on a bipartisan basis because of the hard work of legislators and their staff.
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Michael Mosier kirjasi uudelleen
"Privacy is not the enemy of compliance; it’s a prerequisite for serious engagement."
In @FastCompany, our EVP of Strategy, Policy & Communications @josh_hawkins makes the case for blockchain privacy as essential infrastructure, not just a feature.
Read the op-ed:
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