On January 17, according to CoinDesk, blockchain entrepreneur Michael Lewellen filed a lawsuit against U.S. Attorney General Merrick Garland, asking the court to rule that his upcoming crypto crowdfunding project Pharos does not violate undocumented money transmission laws. Lewellen alleges that the Justice Department's prosecution of crypto software developers (such as Tornado Cash developer Roman Storm and Samourai Wallet co-founder Keonne Rodriguez) violates the First and Fifth Amendments of the U.S. Constitution, and contradicts the Justice Department's previous public statements that developers are not considered money transmitters.
Lewellen's project, Pharos, is an Ethereum-based crypto crowdfunding platform that uses smart contracts to ensure the automatic return of funds to unsuccessfully funded projects and to protect donor privacy.
The Texas entrepreneur has filed a lawsuit against the U.S. attorney general, seeking to protect its upcoming crypto crowdfunding project
2025-01-17 01:28:52
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
德州企业家向美国司法部长提起诉讼，寻求保护其即将推出的加密众筹项目Next article：
Pudgy Penguins母公司旗下L2公链Abstract Chain推出积分激励系统
