BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

US Senator Cynthia Lummis is Defending the Rights of Bitcoin Holders in America

Michael Juanico by Michael Juanico
May 1, 2024
in CRYPTO, POLITICS
Reading Time: 3 mins read
1
SHARES
15
VIEWS
Share on XShare in TelegramShare on Reddit
  • Senator Cynthia Lummis criticized the Department of Justice’s stance on non-custodial crypto wallets, arguing it contradicts existing Treasury guidance and violates the rule of law.
  • Lummis accused the Biden Administration of criminalizing core tenets of the Bitcoin network and decentralized finance.
  • The DOJ’s interpretation of money transmission laws to encompass wallet developers with no direct control over user assets has sparked backlash from the crypto community.

United States Senator Cynthia Lummis (R-WY) has stated that she is “deeply troubled” by the Department of Justice‘s (DOJ) stance on non-custodial software. Lummis expressed concern about the DOJ’s “hyper-aggressive argument” that non-custodial software can constitute a money transmission service. She added that the DOJ’s stance “contradicts existing Treasury guidance” and “violates the rule of law.”

JUST IN: 🇺🇸 Sen @SenLummis states she is fighting for the rights of all #bitcoin holders pic.twitter.com/8PLQC1lYbJ

— BlockNews.com (@blocknewsdotcom) May 1, 2024

Lummis Accuses DOJ of Overreach

In a tweet, Lummis said the DOJ’s arguments against self-custody software threaten the “fundamental property rights that are core to being an American.” Lummis said she will fight for people’s rights to “hold your own keys and run your own node.” She further accused the Biden Administration of “criminalizing core tenants of the Bitcoin network and decentralized finance.”

Lummis’ comments follow two recent cases where DOJ prosecutors have pushed for criminal charges against software developers for unlicensed money transmission – an unsealed indictment against Bitcoin mixer Samourai Wallet and a reply brief responding to the defense’s motion to dismiss in the case against Tornado Cash developer Roman Storm.

Backlash from Crypto Community

The DOJ’s interpretation of money transmission laws to encompass wallet developers who have no direct control over user assets has sparked a backlash among the crypto community.

Crypto advocacy group Coin Center has characterized the DOJ’s stance as a “massive overreach,” arguing that it contradicts existing FinCEN guidance and rulings. Coin Center filed an amicus brief in defense of Roman Storm, arguing that the publication of Tornado Cash’s code is constitutionally protected under the First Amendment.

Conclusion

The escalating legal battle between regulators like the DOJ and SEC and crypto developers is likely to continue as the technology’s mainstream adoption increases. Senator Lummis and other policymakers sympathetic to crypto will play a key role in how regulations take shape.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: Biden administrationBitcoinCynthia LummisDepartment of JusticeSamourai Wallet
TweetShareShare
Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

DON'T MISS THESE! HOT OFF THE PRESS

Jack Ma-Linked Yunfeng Financial Makes $44M Bet on Ethereum
CRYPTO

Jack Ma-Linked Yunfeng Financial Makes $44M Bet on Ethereum

September 2, 2025
Bitcoin Holds $110K as Bulls Eye $131K Breakout
BITCOIN

Bitcoin Holds $110K as Bulls Eye $131K Breakout

September 2, 2025
Trump Warns U.S. Could Become “Third World” Without Tariffs, Pushes for Early Supreme Court Ruling
OPINION

Trump Warns U.S. Could Become “Third World” Without Tariffs, Pushes for Early Supreme Court Ruling

September 2, 2025
Donald Trump Responds to Death Rumors, Dismisses Reports as ‘So Fake’ in Strong Rebuttal
OPINION

Donald Trump Responds to Death Rumors, Dismisses Reports as ‘So Fake’ in Strong Rebuttal

September 2, 2025
Fed Rate Cut Odds Spike Ahead of Jerome Powell’s September Decision: Here is Why This is Important
CRYPTO

Fed Rate Cut Odds Spike Ahead of Jerome Powell’s September Decision: Here is Why This is Important

September 2, 2025
What is World Liberty Finance and How Does it Work? Should You Buy WLFI in 2025? 
CRYPTO

What is World Liberty Finance and How Does it Work? Should You Buy WLFI in 2025? 

September 2, 2025
Load More

Related News

Jack Ma-Linked Yunfeng Financial Makes $44M Bet on Ethereum

Jack Ma-Linked Yunfeng Financial Makes $44M Bet on Ethereum

September 2, 2025
Bitcoin Holds $110K as Bulls Eye $131K Breakout

Bitcoin Holds $110K as Bulls Eye $131K Breakout

September 2, 2025
Trump Warns U.S. Could Become “Third World” Without Tariffs, Pushes for Early Supreme Court Ruling

Trump Warns U.S. Could Become “Third World” Without Tariffs, Pushes for Early Supreme Court Ruling

September 2, 2025
Donald Trump Responds to Death Rumors, Dismisses Reports as ‘So Fake’ in Strong Rebuttal

Donald Trump Responds to Death Rumors, Dismisses Reports as ‘So Fake’ in Strong Rebuttal

September 2, 2025
Fed Rate Cut Odds Spike Ahead of Jerome Powell’s September Decision: Here is Why This is Important

Fed Rate Cut Odds Spike Ahead of Jerome Powell’s September Decision: Here is Why This is Important

September 2, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews