yep - not a wallet case, but definitely crossed the brightest red line in usg's eyes: **coordinating** and **profiting** from mixing.
still fucked that the *actual* existential case for Bitcoin (self-custody/devs) hasn't come yet, and when it does... everyone's gonna point at this failure and say "we already tried helping 😬"
the donation drought isn't just about this case - it's a preview for the real fight ahead
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USG isn’t a monolith as it regards litigation. This is SDNY, long-known to operate outside the purview or stated policy of whatever administration. It’s a proving ground for aspiring bureaucrats.
Sure, the donation draught is concerning. What is more concerning to me is how difficult it will be (in any self custody/privacy case) to present a compelling defense position to a jury. Prosecution’s case is easy: emotional appeal via terrorism financing, money laundering, tax evasion etc
No amount of money can overcome that problem. More effective arguments need to be developed ASAP.