Samourai Wallet developer's first trial, US Department of Justice will provide a lot of evidence
The Southern District Court of New York held the first hearing of the US Department of Justice (DoJ) against Samourai Wallet developers Keonne Rodriguez and William Lonergan Hill on May 28th. Rodriguez and Hill were charged with money laundering and operating an unlicensed remittance business. Although Hill is still in Portugal and has not responded to the extradition request, Rodriguez and his lawyer Michael Krouse attended the hearing.
The prosecutor stated that they are ready to present a large amount of evidence and are waiting for Rodriguez to hand over the 2TB hard drive he holds. Rodriguez's lawyer plans to cite a letter from Senators Cynthia Lummis and Ron Wyden to the Attorney General, requesting the dismissal of the charges against their client. The letter states that non-custodial cryptocurrency software should not be considered a remittance service.
The judge announced that Rodriguez will continue to be under house arrest and the next hearing is scheduled for September 4th, 2024. The legal defense fund for Samourai developers is currently being raised.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Celestia Foundation Raises $100M, Aims to Revolutionize Blockchain Scalability with New Roadmap
Bitwise CIO says ‘the most powerful people in finance’ are allocating to crypto
An increasing number of top financial advisors are allocating toward crypto assets in their personal portfolios, according to Bitwise CIO Matt Hougan.When allocations spread from advisors to their clients, “things could get interesting quickly,” Hougan said.
Hamster Kombat NFT Game Bans +2.3M Users For Cheating – Recovers 6.5 Tokens From These Users
Cathie Wood's Ark Invest offloads another $2.8 million worth of its own spot Bitcoin ETF
Ark Invest offloaded 44,609 ARKB spot Bitcoin ETF shares on Monday, worth $2.8 million, as the investment firm rebalanced its fund weightings.The Cathie Wood-led firm has sold a total of $17.5 million in ARKB shares from its ARKW fund but still holds $139.7 million of the spot Bitcoin ETF.
Trending news
MoreCrypto prices
More
