Bitcoin Policy Institute Launches BTC Defense Fund to Protect Cryptocurrency Against Overregulation

Bitcoin Policy Institute Launches BTC Defense Fund to Protect Cryptocurrency Against Overregulation

The Bitcoin Policy Institute, a prominent US-based think tank dedicated to shaping public policy and advancing understanding of Bitcoin and digital assets, has recently launched the 'Peer-to-Peer Rights Fund.' This fund aims to provide legal and financial assistance to developers and users of peer-to-peer technologies, including Bitcoin, in their efforts to defend their rights and freedoms in the face of overregulation and government overreach. The fund was established in response to the recent legal action taken by the US Department of Justice (DOJ) against the creators of the privacy-focused crypto wallet app Samourai Wallet. The DOJ has accused the developers of Samourai Wallet of violating sanctions against Iran by allegedly helping users to conceal their transactions. The Bitcoin Policy Institute believes that the charges against the Samourai Wallet creators are an attack on the privacy and decentralization of Bitcoin. The institute's Peer-to-Peer Rights Fund will provide legal and financial support to the Samourai Wallet creators and other individuals and organizations facing similar challenges. The Bitcoin Policy Institute is committed to protecting the rights of Bitcoin users and developers and ensuring that Bitcoin remains a decentralized and censorship-resistant network. The Peer-to-Peer Rights Fund is a critical step in this effort.