Fireside Chat: Why I’m Suing the DOJ
summary
A lawsuit against DOJ challenges the use of unlicensed money‑transmission theory from the Tornado Cash and Samurai Wallet prosecutions and seeks a court ruling that non‑custodial immutable smart contracts and self‑custodial wallets aren’t money transmitters. The planned project is a crowdfunding smart contract with optional privacy pools and OFAC‑screening, leaning on multisig patterns like five‑of‑seven multisig for emergency upgrades. Case was filed in January, faces a government motion to dismiss on standing, has amicus briefs from DeFi Education Fund and Paradigm, and is under a year old awaiting a ruling.
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chapters (10)
- 0:00Introduction and Michael's Background
- 0:20Early Career and Crypto Journey
- 0:45Involvement with OpenZeppelin and SEAL
- 2:31Crypto Security Councils Explained
- 5:26Tornado Cash and Legal Challenges
- 8:18Suing the DOJ: Motivations and Goals
- 11:15Blockchain Regulatory Certainty Act
- 12:30Current Status of the Lawsuit
- 13:38Audience Q&A
- 19:56Closing Remarks
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