In brief
- A federal judge has dismissed a lawsuit by a crypto developer seeking clarity on whether his non-custodial software would violate U.S. money-transmitter laws.
- The court ruled the developer failed to show a credible threat of prosecution and dismissed the case without prejudice.
- The case drew support from several crypto advocacy groups, amid broader industry concerns about developer liability.
A U.S. federal court has dismissed a lawsuit brought by a crypto software developer seeking a preemptive ruling that his non-custodial crypto donation platform would not violate federal money transmission laws, leaving a key legal question unresolved for the industry.
In an opinion issued Wednesday, the U.S. District Court for the Northern…
