The Bitcoin Policy Institute has launched a peer-to-peer rights fund to defend the decentralization of Bitcoin

ChainCatcher news, according to Bitcoin.com, the Bitcoin Policy Institute, founded by David Zell and Grant McCarthy, has launched a peer-to-peer rights fund to defend the decentralization of Bitcoin.

For Zell, peer-to-peer transactions using non-custodial and decentralized tools are under attack from regulators, who have changed the legal considerations affecting these transactions. The fund states that recent legal cases involving Tornado Cash, Samourai Wallet, Uniswap, and MetaMask indicate a shift in regulators' attitudes towards decentralization, viewing developers as financial institutions.

To address the impact of this broad legal interpretation on the non-custodial crypto environment, the fund will focus on providing resources to assist cases that significantly affect the crypto industry, aiming to ensure "critical" legal precedents. Its first case will be the defense of Samourai Wallet founders Keonne Rodriguez and William Lonergan Hill, who are accused of conspiracy to launder money and operating an unlicensed money service business.