Sacramento DA Urges Focus on Criminals, Not Crypto Developers

News Flash 2026-05-05 00:35

Sacramento District Attorney has called for U.S. prosecutors to focus on genuine criminals rather than targeting cryptocurrency developers. Highlighting the misuse of 18 U.S.C. Section 1960, originally intended for money-transmitting businesses, the DA criticized its application against developers of noncustodial, peer-to-peer blockchain technology. The DA emphasized that these developers do not handle customer funds or operate traditional businesses, and prosecuting them under this statute is a misapplication of the law. The DA praised the Department of Justice's 2025 memorandum, which clarified that Section 1960 should not be used against decentralized software developers. However, the DA stressed the need for legislative clarity to protect innovation and prevent the exodus of developers overseas. The DA supports the Promoting Innovation in Blockchain Development Act, which aims to restore the original intent of Section 1960 and ensure that enforcement targets genuine financial criminals, not software developers.

Share to:

This content is for informational purposes only and does not constitute investment advice.

Curated Series

SuperEx Popular Science Articles Column

SuperEx Popular Science Articles Column

This collection features informative articles about SuperEx, aiming to simplify complex cryptocurrency concepts for a wider audience. It covers the basics of trading, blockchain technology, and the features of the SuperEx platform. Through easy-to-understand content, it helps users navigate the world of digital assets with confidence and clarity.

Unstaked related news and market dynamics research

Unstaked related news and market dynamics research

Unstaked (UNSD) is a blockchain platform integrating AI agents for automated community engagement and social media interactions. Its native token supports governance, staking, and ecosystem features. This special feature explores Unstaked’s market updates, token dynamics, and platform development.

XRP News and Research

XRP News and Research

This series focuses on XRP, covering the latest news, market dynamics, and in-depth research. Featured analysis includes price trends, regulatory developments, and ecosystem growth, providing a clear overview of XRP's position and potential in the cryptocurrency market.

How do beginners trade options?How does option trading work?

How do beginners trade options?How does option trading work?

This special feature introduces the fundamentals of options trading for beginners, explaining how options work, their main types, and the mechanics behind trading them. It also explores key strategies, potential risks, and practical tips, helping readers build a clear foundation to approach the options market with confidence.

What are the risks of investing in cryptocurrency?

What are the risks of investing in cryptocurrency?

This special feature covers the risks of investing in cryptocurrency, explaining common challenges such as market volatility, security vulnerabilities, regulatory uncertainties, and potential scams. It also provides analysis of risk management strategies and mitigation techniques, helping readers gain a clear understanding of how to navigate the crypto market safely.