Crypto firms urge Congress to rein in DOJ’s interpretation of money transmission laws

A coalition of 34 crypto industry organizations has sent a joint letter to congressional leaders urging them to address the Department of Justice’s (DOJ) “unprecedented and overly expansive” interpretation of the federal statute governing unlicensed money transmission. The letter, signed by firms including Coinbase, Kraken, Uniswap Labs, Ledger, Consensys, Paradigm, and the DeFi Education Fund, […]