Coinspeaker
Senator Lummis Challenges Government’s Stance on Crypto
In a recent outburst shared via her official X account, she issued a strong statement against the United States’ ‘hyper-aggressive’ approach to regulation. The statement reads in part:
“I am deeply troubled by the Department of Justice’s hyper-aggressive argument that non-custodial software can constitute a money transmission service.”
For what it’s worth, it is not unusual for Senator Lummis to lend her voice to Bitcoin and the overall crypto market. However, this time, she insists that the DoJ’s stance does not only contradict existing Treasury guidance. It also lacks common sense and violates the rule of law, Lummis noted.
She explained that the arguments against self-custody software threaten the fundamental property rights of an average American. Lummis argues that private individuals have the right to hold their keys and operate their own nodes. However, by criminalizing this, the s
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