The Justice Department has decided to ease its approach towards developers who create decentralized platforms for sending cryptocurrencies without criminal intent, a key official said Thursday.
Developers Of ‘Neutral Tools’ Not Liable For Third-Party Abuse
During a speech at the Wyoming Blockchain summit, Matthew Galeotti, acting Assistant Attorney General of the DOJ’s criminal division, weighed in on the issue of holding smart contract developers responsible for operating unregistered “money transmitting” firms.
“Our view is that merely writing code, without ill intent, is not a crime. Innovating new ways for the economy to store and transmit value and create wealth, without ill intent, is not a …