Stand With Crypto Applauds U.S. Department of Justice Announcement on Money Transmission Policy

WASHINGTON, D.C. — Stand With Crypto, America’s leading crypto advocacy organization,  today applauded the U.S. Department of Justice’s announcement regarding money transmission policy that will shield good-faith developers from criminal liability.

Following the announcement, Juan Suarez, Stand with Crypto board chairman, released the following statement:

“We are pleased to hear of the DOJ’s new policy that it will no longer bring unlicensed money transmitting business criminal charges against software developers who contribute to open-source projects. This policy is an important step forward in clarifying that good-faith crypto developers will not face criminal liability for third party use of crypto software.”

Over the past two years, Stand With Crypto has built a grassroots movement to mobilize and harness the voice of America’s 52 million crypto owners into a powerful and unified voting bloc, championing clear, common-sense regulations for the crypto industry and unlocking crypto’s innovation potential while fostering greater economic opportunity and freedom. With nearly 2.5 million crypto advocates registered nationwide, Stand With Crypto is on track to establish state chapters in all 50 states by the end of this year.