The government should promote innovation, not punish it
The Sacramento District Attorney argues against using outdated laws to criminalize decentralized software developers, urging clear regulation instead of overreaching prosecution.Summary
The Sacramento County District Attorney argues that the government should foster rather than stifle innovation by distinguishing between malicious actors and software developers. Using the success of Investigative Genetic Genealogy as an example of beneficial technology, he criticizes the current trend of "regulation-by-prosecution," specifically the misuse of 18 U.S.C. Section 1960 against developers of noncustodial blockchain tools. He contends that applying anti-money laundering laws to code creators drives technological development offshore and hurts American leadership. While supporting robust enforcement against actual criminals, he calls on Congress to pass the Promoting Innovation in Blockchain Development Act to provide legal clarity and protect developers from arbitrary overreach.
(Source：CoinDesk)