According to Odaily Planet Daily, the Bitcoin Policy Institute, a Bitcoin think tank founded by David Zell and Grant McCarthy, launched a peer-to-peer rights fund to defend the decentralization of Bitcoin. Zell believes that peer-to-peer transactions using non-custodial and decentralized tools are under attack from regulators who have changed the legal considerations that affect these transactions.
The fund said recent legal cases involving Tornado Cash, Samourai Wallet, Uniswap, and MetaMask demonstrate a shift in regulators’ attitudes toward decentralization, treating developers as financial institutions. In response to the impact of this broad legal interpretation on the non-custodial crypto environment, the fund will focus on providing resources to help cases that have a significant impact on the crypto industry, aiming to secure “pivotal” legal precedents. Its first case will be the defense of Samourai Wallet founders Keonne Rodriguez and William Lonergan Hill, who were charged with conspiracy to launder money and operate an unlicensed money service business.
