189 sats \ 3 replies \ @k00b 24 Apr \ on: Samourai Indictment Count Two Could Have Serious Implications For All Wallets bitcoin
It's especially interesting because they aren't custodial. It's an attempt to redefine money transmission as most lawyers, at least the ones I've talked to, understand it. Perhaps New York and other jurisdictions define matchmaking as money transmission? Or they're just aiming for the fences.
Yes. I'm glad you see it too. It's really a dramatic overreach, and everyone will naturally be focused on the mixing allegations.
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On or about October 11, 2022, Samourai engaged in the unlicensed receipt and transmission of funds, including funds deposited into a Samourai wallet by an undercover law enforcement agent located in the Southern District of New York.
The more I read the indictment, the more it sounds like they don't understand how Samourai works. They think using Samourai software means Samourai is receiving and transmitting funds. They'll have to find a judge/jury that can understand the difference.
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I tried using Samourai a few years ago. I remember thinking this wallet is too complicated.
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