U.S. Justice Department Clarifies Cryptocurrency Legal Liability

The U.S. Department of Justice has issued a legal memo clarifying that developers are not held responsible for misuse of their code in the context of criminal activities. Responsibility falls on those engaging in illegal activity using the code. This approach prioritizes action against actual criminal offenses like fraud and terrorism financing, according to Odaily. The DOJ emphasizes protecting legitimate cryptocurrency users and businesses by enabling fair access to banking services and minimizing enforcement actions against exchanges and mixing services.