Jack Dorsey To Spearhead New Bitcoin Legal Defense Fund

By Elise Hansen (January 12, 2022, 8:35 PM EST) -- Former Twitter CEO Jack Dorsey on Wednesday announced plans for a legal defense fund to support bitcoin developers — starting with those fighting litigation brought by the cryptocurrency's self-professed inventor, Craig Wright.

Dorsey, a bitcoin proponent and founder of fintech heavyweight Block — formerly known as Square — described a bitcoin ecosystem beset by legal threats.

"The Bitcoin community is currently the subject of multi-front litigation," the announcement said. "Open-source developers, who are often independent, are especially susceptible to legal pressure."

Wednesday's announcement, sent to a mailing list for bitcoin developers, described the fund as a nonprofit entity that would offer...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Related Sections

Companies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!