The CFTC puts in writing that passive non-custodial software is not a financial middleman, contradicting the DOJ case against the Samourai Wallet developers, Treasury sanctions Iran's Bitbank over Hormuz safe-passage payments, and the UK's FCA hunts unregistered P2P traders in London. Three stories, under five minutes, zero noise. Read the full newsletter: https://www.btcbreakdown.com/p/issue-654