Senator Cynthia Lummis criticizes the DOJ's stance on non-custodial software, arguing it threatens property rights and contradicts Treasury guidelines.
In a recent statement, Senator Cynthia Lummis (R-WY) expressed her concerns over the U.S. Department of Justice's (DOJ) approach towards non-custodial software. Senator Lummis, known for her advocacy of Bitcoin, is taking a stand against what she deems to be an hyper-aggressive interpretation by the DOJ.
Senator Lummis stated, "I am deeply troubled by the Department of Justice's hyper-aggressive argument that non-custodial software can constitute a money transmission service." She argues that this perspective directly conflicts with existing guidance from the Treasury Department and undermines the principles of common sense and the rule of law.
The senator's statement further emphasized the importance of property rights, which she views as being jeopardized by the DOJ's position on self-custody software. "Arguments against self-custody software threaten the fundamental property rights that are core to being an American," Lummis added, highlighting the potential infringement on personal freedoms.
In her strong-worded statement, Senator Lummis vowed to take action in defense of individual rights. "I will do everything I can to fight for your rights to hold your own keys and run your own node," she declared, signaling her commitment to advocate for the rights of Bitcoin holders.