Loading...
Market
Public Protest or Major Lobbying Against DOJ Crypto Regulation by End of 2024?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Major news outlets and press releases from relevant advocacy groups.
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.
View original story
Similar markets
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Increased bipartisan support for crypto regulations • 33%
Increased opposition to crypto regulations • 33%
No significant change in political stance on crypto regulations • 34%
Tighter Regulations • 25%
Looser Regulations • 25%
No Change • 25%
Ban • 25%
Tax regulation • 25%
SEC regulation • 25%
Cross-border transactions • 25%
No major policy change • 25%
