A thin DOJ policy memo is no substitute for legal protection

Zhao Ledger

Published Sep 23, 2026, 5:00 PM UTC

Source: PolicySource
- Not on the manifest! Lewellen’s appeal screams that DOJ enforcement discretion is thinner than a threadbare hull. The Fifth Circuit must decide if publishing non-custodial code like “Pharos” counts as unlicensed money transmission under 18 U.S.C. § 1960. DOJ ignores FinCEN guidance, stretching definitions to catch developers. Blanche’s memo? Just paperwork, not protection. Audit trail or audit prison: without clear statutes, devs face wrongful prosecution. Creative compliance won’t save you from federal overreach. Sign here for your own defense, because waiting for an investigation is how you get fined into oblivion.