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The Rage
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The Rage is an independent publication covering financial surveillance. Privacy is not a crime. Stay informed 👉 https://therage.co/subscribe/
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therage 1 month ago
🚨NEW: THE MARKET STRUCTURE DRAFT IS DANGEROUS SLOP Meant to include protections for developers, the draft leaves the door wide open for continued prosecution of developers and the total surveillance of non-custodial software users. Full story👇
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The Senate Banking Committee's New Market Structure Draft Is Dangerous Slop
Meant to include protections for developers, the draft leaves the door wide open for continued prosecution of developers and the total surveillance...
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therage 3 months ago
🚨JUST IN: Samourai Wallet developer William Hill sentenced to 4 years in prison, 3 years of supervised release image
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therage 3 months ago
🚨NEW: EMAILS REVEAL JEFFREY EPSTEIN MONEY FINANCED BITCOIN CORE DEVELOPMENT “Used gift funds to underwrite this which allowed us to move quickly and win this round. Thanks,” Media Lab Director Joi Ito wrote Epstein in an email titled DCI. Full story👇
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Emails Reveal Jeffrey Epstein Money Financed Bitcoin Core Development
“Used gift funds to underwrite this which allowed us to move quickly and win this round. Thanks,” former MIT Media Lab Director Joichi Ito wrot...
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therage 3 months ago
"The judge did not seem particularly sympathetic to the financial privacy argument." Key updates from Keonne's sentencing 👇 Earlier this year, Rodriguez and Samourai Wallet cocreator William Hill plead guilty to conspiracy to violate money transmission licensing requirements for building a non-custodial Bitcoin privacy wallet. Rodriguez doesn't identify the problem Samourai sought to solve, judge Cote said at the sentencing hearing. “There is no acknowledgement [by Rordiguez] of the criminal world for whom digital currency is a gift … There seems to be no recognition of the human suffering that was facilitated by the defendant.” Rodriguez pled guilty to a subsection of money transmitter licensing law criminalizing the knowing transmission of illicit proceeds. The Defense requested a sentence of one year and one day. A pre-sentencing recommendation from probation authorities recommended 42 months. The subsection applied to Roriguez is the same subsection that prosecutors used to convict Tornado Cash cocreator Roman Storm this August. At the time, many scholars argued that the subsection was misapplied due to a lack of licensing requirements for non-custodial services. Earlier this year, Assistant Attorney General Matthew Galeotti stated that the DOJ would no longer bring prosecutions against non-custodial developers under the subsection applied to Rodriguez, Hill and Storm. The defense highlighted ambiguities in the law itself, citing confusion around whether licensing and regulatory requirements, such as the Bank Secrecy Act, applied to non-custodial services. It also highlighted the need for services like Samourai Wallet to conceal otherwise public funds to protect Bitcoin users from extortion and kidnappings. In addition to the 5 year sentence and $250,000 fine, Rodriguez will be on supervised release for 3 years. 20% of his gross income will be garnished after release to pay the fine, as will $25 a month or up to 50% of any income earned in Federal prison work programs.
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therage 3 months ago
🚨 KEONNE RODRIGUEZ SENTENCED TO FIVE YEARS, $250,000 FINE image
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therage 3 months ago
Today and tomorrow we are live at the sentencing of Keonne Rodriguez and William Hill of Samourai Wallet ⬇️
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