Keonne Rodriguez, CEO of Samourai Wallet, has been sentenced to five years in prison for his role in an unlicensed money-transmission conspiracy. In addition to the prison term, Rodriguez faces a $250,000 fine and three years of supervised release. The case centered on Rodriguez's privacy-focused Bitcoin wallet, which prosecutors argued facilitated illicit activities and violated Anti-Money Laundering laws.
Rodriguez contended that his wallet, including its Whirlpool feature, did not qualify as a money transmitter. However, the court ruled against him, highlighting the potential implications for how regulators might apply Countering the Financing of Terrorism rules to cryptocurrency privacy tools in the future.
Samourai Wallet CEO Sentenced to 5 Years for Unlicensed Money Transmission
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