In a major political transformation, federal public prosecutors change how they deal with decentralized financing, or Defi.
After years of uncertainty about the responsibility for programmers and program developers, officials are now drawing a clear line between technology creation and a crime.
The US Department of Justice has announced that it will not target program developers who are building Defi platforms without proving the criminal intention.
Acting Acting Prosecutor Matthew Galewiti made statements on Thursday during A. The summit of digital assets In Wyoming. He said that the writing law alone does not constitute a crime.
This indicates a major change of previous enforcement strategies, as the public prosecutors accused the developers of operating the transfer of unlicensed money.
Discussion about the rules for transferring money
Organizers have long applied strict rules to companies in the field of money transfer, but the appearance of Defi systems sets these standards on the test.
Traditional payment platforms face clear obligations, while Defi projects say that these themselves are meaningless in a code -dependent environment.
Money transmission devices such as PayPal and Cash App must provide licenses and compliance with the anti -money laundering obligations. They also have to check customers and report suspicious transactions.
But decentralized exchanges argue that these rules do not fit their model due to the lack of control of the user’s activity on their platforms.
“We looked that just writing a symbol, without a bad intention, is not a crime. Creating new ways of economy to store value and create wealth, without bad intention, not a crime.
– Degen News (Degenegenews) August 21, 2025
On Defi, hide money and bad intent
The case was placed under the spotlight after a jury in New York recently convicted the Roman storm, co -founder of Tornado Cash, on charges of conspiracy associated with operating unlicensed money transfer.
Hurricane criticism It is a specially designed service to make Defi and Cryptocurrency more difficult.
The jury could not reach a decision on whether the storm had committed money laundering or violated the sanctions.
Prosecutors said that the service allowed illegal financing, while critics of the case argued that the storm had written only a written symbol.
Public prosecutors will give priorities for intentions
According to Galeotti, future cases in the DEFI and Crypto space will require evidence that the developer deliberately helped fraud or evade penalties or washing.
He said: “Creating new ways of the economy to store and transfer value and create wealth, without being unprecedented, is not a crime.”
He added that the laws prohibiting the transfer of unlicensed funds will not apply to developers unless there is evidence of deliberate violations.
The focus of US judges will remain on fraud, Ponzi plansAnd global washing networks, including those in China and other countries suspected of conducting illegal transactions.
Distinctive image from Getty Images, the tradingvief chart
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2025-08-22 23:00:00
