Discover and read the best of Twitter Threads about #bitcoinand
Most recents (1)
Fascinating argument about "where" a #bitcoin transaction occurs in briefing on appeal of conviction for wire fraud (18 U.S.C. § 1956(c)(4)), in US v. Costanzo; Defendant argues in person cash for bitcoin trades do not implicate interstate commerce. Let's dive in on this one: 
transasctions at issue were IRL cash for #crypto. USGovt argues interstate nexus b/c the website localbitcoins.com is “based” outside the US, and that a #bitcoin node alleged to be in Germany was involved in this transasction. LOL. Defense here argues that /2
localbitcoins.com is “based” outside the United States is irrelevant b/c localbitcoins.com was not used for any of the charged transactions; used Mycelium, Breadwallet, and other wallets. Defense argues no evidence that #Bitcoin "travels through" /3
