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BTCC / BTCC Square / Global Cryptocurrency /
Texas Developer Sues DOJ, Claims Biden Administration Suppresses Crypto Innovation

Texas Developer Sues DOJ, Claims Biden Administration Suppresses Crypto Innovation

Author:
Global Cryptocurrency
Published:
2025-01-18 02:49:38
12
3
Blockchain developer Michael Lewellen has filed a lawsuit against the U.S. Department of Justice (DOJ), accusing the Biden administration of undermining cryptocurrency innovation by broadly interpreting money transmission laws. Lewellen, a fellow at the nonprofit advocacy group Coin Center, argues that the administration’s actions have discouraged developers from building blockchain tools and forced talent to leave the United States. The lawsuit focuses on Lewellen’s work with Pharos, a non-custodial crowdfunding protocol that facilitates the transparent and trustless pooling of cryptocurrency for charitable and project-based fundraising without requiring third-party intermediaries.

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