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

ChainCatcher News, the U.S. Department of Justice has released an official statement regarding cryptocurrency laws, stating that developers will not be held liable, while criminals using the code will be held accountable. This clarifies that developers are not responsible for the misuse of their code by criminals, and law enforcement will focus on actual 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 enforcement actions against cryptocurrency trading platforms and mixing services. This move may signal the Trump administration's further easing of restrictions on the cryptocurrency industry, injecting new vitality into its development.