Texas Entrepreneur Files Lawsuit with U.S. Attorney General, Seeking to Protect His Upcoming Crypto Crowdfunding Project
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2025-01-17 10:02 7,021
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According to CoinDesk reports on January 17, blockchain entrepreneur Michael Lewellen filed a lawsuit against U.S. Attorney General Merrick Garland, asking the court to rule that his upcoming crypto crowdfunding project Pharos does not violate undocumented currency transmission laws. Lewellen alleges that the Justice Department’s prosecution of crypto software developers, such as Tornado Cash developer Roman Storm and Samourai Wallet co-founder Keonne Rodriguez, violates the First and Fifth Amendments of the U.S. Constitution, and contradicts the Justice Department’s previous prosecution of developers Contradictory public statements by perceived money transmitters.
Lewellen's project Pharos is an encrypted crowdfunding platform based on Ethereum, which uses smart contracts to ensure that unsuccessfully funded projects automatically return funds and protect donor privacy.