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Outcome of Legal Challenge Against DOJ Crypto Regulation by May 2025
5
Resolution / Starting Odds
Regulation Upheld • 33%
Regulation Overturned • 33%
Regulation Amended • 34%
Judicial rulings from federal courts.
Story
Bipartisan Senators Challenge DOJ Over Threat to Bitcoin Development
May 13, 2024, 02:17 AM
Senators Cynthia Lummis and Ron Wyden have expressed 'grave concerns' over the Department of Justice's interpretation of financial regulations affecting the cryptocurrency industry. In a bipartisan letter to U.S. Attorney General Merrick Garland, they criticized the DOJ's expanded definition of 'money transmitter' under the Bank Secrecy Act, arguing that it could criminalize non-custodial crypto asset software developers. This move by the DOJ, seen as part of a broader political strategy by the Biden administration, threatens to criminalize Bitcoin software development and could undermine the constitutional values embedded in the global financial system. The senators urged an immediate reversal of this policy to prevent stifling innovation and undermining the rule of law.
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Challenges Dismissed • 33%
Settlement Reached • 33%
Fed's Decision Reversed • 33%
New strict regulations passed • 33%
Regulations relaxed or removed • 33%
No significant regulatory change • 34%
Coinbase wins lawsuit • 33%
Coinbase loses lawsuit • 33%
Settlement reached • 34%
Stricter regulations • 33%
No change in regulations • 33%
Reduced regulations • 34%
Increase in legal challenges • 33%
No significant change in legal challenges • 33%
Decrease in legal challenges • 34%
Settlement • 33%
Robinhood wins • 33%
SEC wins • 33%
New regulations introduced • 50%
No significant changes • 50%
Positive legal developments for Coinbase/XRP • 33%
Neutral legal developments • 34%
Negative legal developments • 33%
Increase Regulations • 25%
Decrease Regulations • 25%
Maintain Current Level • 25%
Issue New Guidance • 25%
New regulations introduced • 33%
Existing regulations enforced more strictly • 33%
No change in regulations • 34%
Increased regulation • 33%
Decreased regulation • 33%
No significant change • 34%
Coinbase wins • 33%
SEC wins • 33%
Settlement reached • 34%