Senator Lummis Challenges DOJ's Stance on Non-Custodial Software

Senator Cynthia Lummis criticizes the U.S. Department of Justice's stance on non-custodial software, advocating for individual property rights and defending Bitcoin holders' autonomy.
Senator Lummis Challenges DOJ's Stance on Non-Custodial Software

Key Takeaways

  • Senator Cynthia Lummis criticizes DOJ's stance on non-custodial software.
  • Lummis argues it threatens property rights and contradicts Treasury guidelines.
  • She vows to fight for individual rights of Bitcoin holders.

In a recent critique of the U.S. Department of Justice (DOJ), Senator Cynthia Lummis (R-WY) has voiced concerns over the DOJ’s treatment of non-custodial software, alleging it threatens property rights and contradicts Treasury guidelines.

Senator Lummis opposes DOJ’s aggressive interpretation

Senator Lummis condemned the DOJ’s approach, labeling it as hyper-aggressive and potentially harmful to property rights.

She argued against the notion that non-custodial software could be considered a money transmission service, directly challenging the DOJ’s stance.

Senator Lummis stated firmly:

I am deeply troubled by the Department of Justice’s hyper-aggressive argument that non-custodial software can constitute a money transmission service.

Defense of individual rights and property

Senator Lummis underscored the significance of property rights, asserting that the DOJ’s position on self-custody software undermines these rights and runs counter to common sense and established legal principles.

She emphasized the potential threat to personal freedoms posed by arguments against self-custody software.

Senator Lummis warned:

Arguments against self-custody software threaten the fundamental property rights that are core to being an American.

Bitbo Dashboard → / Original Article