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Judge rules crypto protocols can be money transmitters without controlling funds

As of August 2026: Awaiting trial on federal money laundering and sanctions charges

A federal judge has ruled that a crypto protocol can be a money transmitter even when its operators never control users' funds. Judge Katherine Polk Failla rejected the no-custody defense at the center of the Tornado Cash and Samourai Wallet cases, letting the prosecutions proceed.

Updated Aug 31