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The U.S. Department of Justice clarifies that encryption developers are not responsible for the use of their code by criminals and do not need to bear liability.
On April 9, the U.S. Department of Justice issued an official statement regarding Crypto Assets laws, stating that developers will not be held responsible, while criminals using the code will be held accountable. This clarifies that developers are not responsible for the misuse of the code by criminals, and law enforcement will focus on real criminal activities such as fraud and terrorism financing. The memorandum emphasizes the protection of the rights of legitimate Blockchain users and businesses, supports fair access to banking services, and reduces law enforcement actions against crypto trading platforms and crypto tumblers. This move may mark the Trump administration’s further easing of restrictions on the crypto industry, injecting new vitality into industry development.