Appeals Court Upholds Conviction of Mixer Operator
The Second Circuit rejected First Amendment and vagueness challenges to the underlying money-transmission statute.
The US Court of Appeals for the Second Circuit on Tuesday unanimously affirmed the conviction of the operator of a popular cryptocurrency mixing service, rejecting the defence's arguments that the prosecution violated First Amendment protections and that the underlying money-transmission statute is unconstitutionally vague as applied to non-custodial software.\n\nThe panel's 47-page opinion is expected to be cited in several pending mixer-related prosecutions and may influence the policy debate over privacy-preserving tools in the digital asset sector.
Stay ahead of the next enforcement action
Free weekday newsletter on indictments, sanctions, exploits, and rulings — for lawyers, journalists, and investigators.
Federal Court Sentences Crypto Ponzi Operator to 22 Years
The defendant ran a $1.2 billion scheme falsely marketed as a high-frequency arbitrage fund.
UK High Court Orders Recovery of 412 BTC to Hacking Victim
The proprietary injunction is among the largest crypto recoveries ordered by an English court.
Korean Court Rejects Bankruptcy Plan of Collapsed Exchange
The court ruled that the proposed creditor recovery rate fell below statutory minimums.
Court Clarifies Securities Status of Secondary-Market Token Trades
The ruling distinguishes between primary offerings and arms-length resale transactions.