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Right now, within the Southern District of New York, was the primary listening to within the US Division of Justice’s (DoJ) case in opposition to Samourai Pockets builders Keonne Rodriguez and William Lonergan Hill.
I attended the primary listening to for the #Samourai Pockets case earlier at the moment on behalf of @BitcoinMagazine and briefly spoke with one of many defendants, Keonne Rodriguez, after the listening to.
This is a recap of what I realized: pic.twitter.com/QZN4Ape0CZ
— Frank Corva (@frankcorva) Might 28, 2024
The 2 builders have been arrested in late April and charged with conspiracy to commit cash laundering and conspiracy to function an unlicensed cash transmitting enterprise.
Solely Rodriguez and his legal professional, Michael Krouse, have been current within the courtroom at the moment, although, as Hill remains to be in Portugal and has but to reply to an extradition request from the US authorities.
The prosecution acknowledged that it’s practically set to have interaction in discovery (sharing the proof that it plans to make use of for the trial with the defendants) and that it’s ready for the trial whether or not each Hill and Rodriguez are current for it or not.
“Substantial Discovery”
The prosecution additionally acknowledged that it has but to extract all the information from the digital units it has confiscated from Rodriguez, however that it’ll present “substantial discovery” primarily based on the data it has obtained so far.
And it shared that it’s nonetheless ready on Rodriguez to show over a 2 terabyte exhausting drive that the defendant nonetheless has in his possession.
No particulars have been supplied as to what information could be on the exhausting drive.
A Letter From Two Senators
Rodriguez’s legal professional acknowledged that he plans to file a movement to dismiss the indictment of his consumer and his consumer’s companion at Samourai, citing a letter that US Senators Cynthia Lummis (R-WY) and Ron Wyden (D-OR) despatched to Lawyer Common Merrick Garland wherein the 2 politicians argued non-custodial crypto software program cannot be a cash transmitting service.
“We write to specific our grave considerations concerning the U.S. Division of Justice’s (DOJ) current coverage arguments that dramatically increase the scope of the Federal prohibition on working an unlicensed cash transmitting enterprise,” begins the letter.
“The DOJ’s unprecedented interpretation of this statute within the context of non-custodial crypto asset software program companies contradicts the clear intent of Congress and the authoritative steering of the Division of the Treasury’s Monetary Crimes Enforcement Community (FinCEN). This interpretation threatens to criminalize People providing non-custodial crypto asset software program companies,” Senators Lummis and Wyden added.
The letter additionally acknowledges that “non-custodial crypto service suppliers can’t be categorised as cash transmitter companies as a result of customers of such companies retain sole possession and management of their crypto belongings.”
Shifting Ahead
The choose introduced that Rodriguez would stay underneath home arrest and that the following listening to for the case would happen on September 4, 2024 at 11:30 AM EST.
These fascinated about donating to the authorized protection fund for the Samourai builders can achieve this through this fundraiser arrange by the Bitcoin Coverage Institute (BPI).
