Samourai Wallet: Surprising Support for Cryptocurrency Advocacy

Legal advice from Samourai Wallet

The lawyer for Samourai Wallet alleges that federal prosecutors intentionally concealed information about the company not needing a license before charging the executives of the cryptocurrency mixing service. According to a letter sent to the federal court in Manhattan, the lawyers for Keonne Rodriguez and William Hill pointed out that representatives from FinCEN stated that the Samourai Wallet application did not require a “Money Services Business” license (MSB). However, six months later, prosecutors continued to charge Rodriguez and Hill.

Prosecutors have delayed the release of information from FinCEN and will only disclose it in April 2025, despite having a court order to share the information since May of the previous year. Samourai is accused of facilitating illegal transactions worth over $2 billion and laundering more than $100 million. Both Rodriguez and Hill have pleaded not guilty.

Their lawyer stated that FinCEN determined that Samourai does not maintain control over cryptocurrency, thus not acting as an MSB. Prosecutors have found this argument difficult due to the lack of clear guidance from FinCEN.

Samourai’s lawyer requested the court to hold a hearing to examine the prosecutor’s delay in providing information. They will renew their request to dismiss the charges, as the latest assessment indicates that their actions do not violate the law. Additionally, they will use statements from Deputy Attorney General Todd Blanche regarding the non-prosecution of unintentional violations in the field of cryptocurrency mixing.

Note: This content is for market information only and is not investment advice.

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