Texas entrepreneur sues U.S. Attorney General, seeking protection for his crypto crowdfunding project

2025-01-17 09:52:37

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ChainCatcher news, according to CoinDesk, blockchain entrepreneur Michael Lewellen has filed a lawsuit against U.S. Attorney General Merrick Garland, seeking a court ruling that his upcoming crypto crowdfunding project Pharos does not violate unlicensed money transmission laws. Lewellen accuses the Department of Justice of prosecuting crypto software developers (such as Tornado Cash developer Roman Storm and Samourai Wallet co-founder Keonne Rodriguez) in violation of the First and Fifth Amendments of the U.S. Constitution, and contradicting the Department of Justice's previous public statements that developers are not considered money transmitters.

Lewellen's project Pharos is an Ethereum-based crypto crowdfunding platform that uses smart contracts to ensure that projects that fail to secure funding automatically return funds and protect donor privacy.

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