Two weeks ago, I reported in my @CryptoAmerica_ newsletter that a coalition of 30 crypto companies, led by @fund_defi, sent a letter to lawmakers urging them to address the DOJ’s prior ‘regulation by criminal indictment’ approach to digital assets by holding software developers criminally liable for third party actions on their platforms. Today, the DOJ clarified that it will no longer go after DeFi exchanges, wallet providers and software developers for being unlicensed money transmitters or for actions by third parties. A notable quote from the DOJ memo: “The Justice Department will no longer pursue litigation or enforcement actions that have the effect of superimposing regulatory frameworks on digital assets while President Trump's actual regulators do this work outside the punitive criminal justice framework.” In short, no more ‘regulation by prosecution.’