The U.S. Justice Department has denied allegations of evidence suppression related to the Samourai wallet case, stating that crucial evidence was not withheld by the prosecution. This decision comes as the defense accused prosecutors of withholding information regarding Samourai’s regulatory status, citing a FinCEN statement indicating its lack of MSB status. The alleged suppression is being challenged by Samourai Wallet representatives who argue that their non-custodial nature suggests they are not acting as an MSB. The case involves Judge Richard Berman overseeing proceedings and prosecutors from the Southern District of New York. Key figures in the case include Keonne Rodriguez, co-founder of Samourai Wallet, who played a pivotal role in disputing the FinCEN communication disclosure to the defense. The legal proceedings may impact how non-custodial cryptocurrency services are regulated, potentially impacting privacy-focused services. This case could establish precedent for future regulations and potentially reshape licensing requirements for such businesses. Cryptocurrency markets reacted cautiously to these developments, with investors anticipating changes in regulation as a result of this case. Expert opinions vary, with some expressing hope that the outcome may provide much needed clarity regarding cryptocurrency regulations. The case’s resolution could also influence financial and regulatory policies within the blockchain sector.