The U.S. Department of Justice Issues Legal Statement on Cryptocurrency
Recently, the U.S. Department of Justice released a legal statement on cryptocurrency, drawing widespread attention in the cryptocurrency field. The statement clarifies that cryptocurrency developers will not be held responsible for the misuse of their code by criminals, and law enforcement will focus on crimes such as fraud and terrorism financing, no longer unjustly implicating developers.
Renowned cryptocurrency legal expert John Smith pointed out that this move clarifies the boundaries of developers' responsibilities. Previously, the definition of responsibility was vague, causing many innovative developers to have significant concerns, but this is expected to stimulate more technological innovation.
The statement also emphasizes the need to protect the rights and interests of legitimate blockchain users and businesses, supporting their fair access to banking services, and reducing unnecessary law enforcement actions against cryptocurrency trading platforms and mixing services. A representative from a cryptocurrency trading platform stated that in the past, banks avoided cryptocurrency-related businesses, limiting the flow of funds and business expansion, but now with the Justice Department's statement, it is hoped that financial pressure will ease and normal business operations can proceed.
This move is seen as a signal from the Trump administration to further relax restrictions on the cryptocurrency industry. Trump supported digital assets during his campaign, intending to make the U.S. the "global cryptocurrency capital" and to accumulate Bitcoin. With the regulatory environment easing, the cryptocurrency industry is expected to regain new vitality, allowing compliant businesses to gain more resources and development space, attracting more innovative forces. Long-term investors in the cryptocurrency industry believe that relaxed regulations will attract more funds and entrepreneurs, benefiting the improvement of the industry ecosystem.
However, there are also cautious voices. An anonymous source from the regulatory agency stated that cryptocurrency trading is anonymous and cross-border, making it difficult to define and track criminal activities. Precise actions require improved technical monitoring systems and international cooperation mechanisms. Financial analyst Mary Jones pointed out that while regulatory relaxation can stimulate market vitality, it may also lead to blind following by investors, resulting in excessive speculation in the market, and it is necessary to be vigilant about market bubbles.
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