Blockchain developer Michael Lewellen has filed a lawsuit against the US Department of Justice (DOJ), accusing the President Joe Biden administration of stifling innovation in the crypto sector through overly broad interpretations of federal money-transmission laws.
Lewellen’s lawsuit centers on his work with Pharos, a non-custodial protocol that facilitates trustless and transparent crowdfunding campaigns. Pharos enables users to pool crypto for charitable causes or other projects without the involvement of intermediaries.
Lewellen described his decision to sue as a stand against regulatory overreach in a statement. He added:
“Today, I’m taking a stand against the Biden administration’s unjust crackdown on crypto development […] This isn’t just about Pharos; it’s about the future of cryptocurrency innovation in America.”
Legal challenge
Lewellen argued that his non-custodial protocol, which he likens to a tool rather than a financial service, should not be subject to
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