More than 30 crypto companies jointly promote the US Council to clarify the legal definition of "fund transferor"

PANews reported on March 27 that according to Decrypt, 34 crypto companies including Coinbase, Kraken, Uniswap Labs and other crypto companies jointly wrote to the US Congress, demanding clarification on the Department of Justice's extensive explanation of the definition of "fund transmitter" by Article 1960 of the Criminal Law, saying that it threatens the development of non-custodial software in the United States. The clause was used to accuse Tornado Cash co-founder Roman Storm, raising industry concerns. The DeFi Education Fund said that current practices may convict ordinary developers, calling on Congress to clarify the legislative intent to avoid the "criminal replacement of rules".