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.
