The defense in a crypto legal case alleges that evidence has been withheld, indicating that significant implications exist for privacy-focused projects. Lawyers for Samourai Wallet and Tornado Cash argue that a FinCEN call suggests non-custodial protocols may not be considered money service businesses (MSBs).
This allegation raises doubts about charges of money laundering and unlicensed transmissions against the co-founders. The prosecution claims they shared the evidence earlier, labeling FinCEN's remarks as informal.
The outcomes of this case could influence future regulations and the status of non-custodial crypto tools. Financial experts caution that this precedent may affect cryptocurrency policies and market dynamics.
Full story here: https://coincu.com/338203-prosecutors-accused-withholding-evidence-crypto-case