DOJ: DeFi Code is Not a Crime Without Intent

The U.S. Department of Justice (DOJ) has clarified that writing decentralized finance (DeFi) code without criminal intent won’t lead to legal consequences. Assistant Attorney General Matthew Galeotti announced this at the Wyoming crypto summit, signaling a shift in enforcement strategy from previous targeting of DeFi developers for registration issues and money-laundering concerns. 💰 He emphasized that merely creating open-source software without ill intention is not punishable by law. This change comes after DOJ’s withdrawal from its National Cryptocurrency Enforcement Team, marking a retreat from aggressive industry regulation. 👮‍♀️