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Samourai Wallet Prosecutors Say Delayed FinCEN Disclosure Wasn’t a Brady Violation
At most, the late disclosure impacts one of the two charges against Samourai Wallet’s co-founders, prosecutors said in their Friday letter to the judge.
May 9, 2025, 4:32 p.m.
What to know:
- Prosecutors in the Samourai Wallet case have denied accusations that they suppressed critical evidence in the case, asking the judge to deny the defense's request for a hearing to discuss alleged Brady violations.
- The defense's request that prosecutors drop the case in light of the Blanche Memo is still outstanding.
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Fintech and Crypto Firms Seek Bank Charters Under Trump Administration: Reuters
Financial technology and crypto firms are increasingly applying for state or national bank charters, despite the community’s historical resistance to centralized banking.
What to know:
- Fintech and crypto firms are increasingly applying for bank charters, anticipating a more favorable regulatory landscape.
- Becoming a bank allows firms to accept deposits and lower borrowing costs but brings stricter oversight.
- Regulatory bodies have historically approved few new bank charters, though recent signals suggest a more streamlined process.
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