Deep Tide TechFlow News, on August 22, according to Decrypt, Matthew Galeotti, acting head of the Criminal Division of the U.S. Department of Justice, announced at a policy summit in Jackson Hole, Wyoming, that federal prosecutors will no longer charge decentralized software developers under Section 1960(b)(1)(C) of the U.S. Code. This section prohibits unlicensed money transmitters from handling funds known to originate from criminal activity or intended for illegal purposes.

Galeotti stated that when evidence shows that the software is indeed decentralized and only automatically processes peer-to-peer transactions, and that third parties do not have custody or control over user assets, prosecutors will not approve new related charges against third parties. However, he emphasized that if there is criminal intent, other charges may still apply.