US Senators raise grave concerns over DOJ's policies towards cryptocurrency asset providers

Source Fxstreet
  • Senators Ron Wyden and Cynthia Lummis wrote to the Attorney General to express worries over new policies on money transmission. 
  • The DOJ has continued to take strict measures against crypto asset software services over the last few months, says Senators.
  • Senators urge the Attorney General to "discard" the new interpretation of money transmission released by the DOJ.

Senators Ron Wyden and Cynthia Lummis wrote to the Attorney General on May 9, expressing concerns over the Department of Justice's (DOJ) policies toward crypto asset providers. The Senators claim that the DOJ has been enforcing strict measures against crypto asset software services over the past few months.

Read more: Tornado Cash developer Roman Storm’s motion to dismiss accusations rebuffed by US DOJ

Senators criticize the DOJ's move against crypto services

In an X post on Monday, Senator Cynthia Lummis blasted the DOJ under President Joe Biden, claiming they wrongly interpreted the federal policy against unlicensed money-transmitting businesses.

She also disclosed the bipartisan letter she wrote with Senator Ron Wyden to the Attorney General's office expressing concern over the DOJ's recent expansion of the definition of money transmission.

The letter detailed the federal money-transmitting business statutes laid out by the Financial Crimes Enforcement Network (FinCEN) and how the DOJ's recent actions expanded their scope. "This interpretation threatens to criminalize Americans offering non-custodial crypto asset software services," said the Senators.

Also read: US intensifies battle against crypto privacy protocols following crackdown on Samourai Wallet

This follows the DOJ's actions against crypto mixers Samourai Wallet and Tornado Cash. The Department of Justice accused both crypto service providers of running unlicensed money-transmitting businesses. For such accusations, the Senators refer back to money-transmitting business statutes and what it claims to be criminal acts of money transmitting, which does not apply in this case.

The DOJ arrested and charged the founders of Samourai Wallet in April after charging Tornado Cash founders last year, accusing them of operating unlicensed money-transmitting businesses. The DOJ claimed that the two crypto mixers were involved in over $2 billion of unlawful transactions, with about $100 million of the funds being laundered money.

Read more: US House Committee set to address regulatory issues over digital assets through review of FIT21 Act

Senators Ron Wyden and Cynthia Lummis urge the Attorney General to "discard" the new interpretation of money transmission released by the DOJ, as it continues to affect the safety of crypto asset software service providers. They also challenge the DOJ to begin presenting a clear and logically sound interpretation of money transmission as written out by the FinCEN.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - October 16, 2026Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 16, 2026. Read on for the details.
Author  Mitrade
Oct 16, Fri
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 16, 2026. Read on for the details.
placeholder
WTI drops to near $97.50 as US waives Russia oil sanctionsWest Texas Intermediate (WTI) oil price declines after seven days of gains, trading around 97.40 per barrel during Asian hours on Monday.
Author  FXStreet
Yesterday 01: 21
West Texas Intermediate (WTI) oil price declines after seven days of gains, trading around 97.40 per barrel during Asian hours on Monday.
placeholder
Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - October 19, 2026Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 19, 2026. Read on for the details.
Author  Mitrade
Yesterday 02: 11
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 19, 2026. Read on for the details.
placeholder
Gold retests $4,200 as dollar and yields retreat — can bullion clear its hardest level?Spot gold traded near $4,175 on Monday (+0.23%), with an intraday high of $4,187.71 after last week's $4,073 ~ $4,217 range; COMEX futures briefly topped $4,200. The dollar slipped to 101.76 and 10-year yields eased from their highs, but October Fed hike odds near 52% and BofA's sub-$4,000 call still cap the upside. Here are the drivers, the levels and what would flip the script.
Author  Irene Q.
22 hours ago
Spot gold traded near $4,175 on Monday (+0.23%), with an intraday high of $4,187.71 after last week's $4,073 ~ $4,217 range; COMEX futures briefly topped $4,200. The dollar slipped to 101.76 and 10-year yields eased from their highs, but October Fed hike odds near 52% and BofA's sub-$4,000 call still cap the upside. Here are the drivers, the levels and what would flip the script.
placeholder
Brent slips from $110 as Russian supply prospects return — is the five-month rally over?Brent crude traded near $108.06 on Monday (-1.71%), pulling back from last week's $110 high after Washington moved to ease restrictions on Russian oil flows. WTI hovered around $101 before dipping below $99. The retreat is real, but so is the supply-risk premium: Hormuz shipping disruptions, attacks on Saudi energy infrastructure and strikes on Russian refineries remain live. Here are the three numbers, the transmission chain and the levels that matter.
Author  Irene Q.
21 hours ago
Brent crude traded near $108.06 on Monday (-1.71%), pulling back from last week's $110 high after Washington moved to ease restrictions on Russian oil flows. WTI hovered around $101 before dipping below $99. The retreat is real, but so is the supply-risk premium: Hormuz shipping disruptions, attacks on Saudi energy infrastructure and strikes on Russian refineries remain live. Here are the three numbers, the transmission chain and the levels that matter.
goTop
quote