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THE ARCH
THE ARCH

Where Web3 founders, talent, and partners meet.

Daily Digest · Free
PLATFORM
  • Partners Directory
  • All Categories
  • Marketplace
  • Find a Partner
  • Docs
  • Escrow
INTELLIGENCE
  • Web3 News
  • Daily Digests
  • Intel Reports
  • Web3 Events
  • RSS Feed
  • Substack ↗
GET INVOLVED
  • Get Listed
  • Get Your Verified Badge
  • Submit an Event
  • Become an Operative
  • Refer a Client
  • Book a Call
COMPANY
  • About
  • How It Works
  • Manifesto
  • Media Kit
  • Privacy
  • Terms
© 2026 THE ARCH · All rights reserved.
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News
Texas Court Rejects Developer's Bid to Exempt Soft...
Cointelegraph•Thursday, March 26, 2026 at 03:09 AM•1 min read

Texas Court Rejects Developer's Bid to Exempt Software from Money Transmitter Laws

Share:
The Arch TakeBearish
Regulation

A Texas judge has dismissed a case involving Pharos developer Michael Lewellen, who sought to exempt his software from money transmitter laws. The court's decision was made without prejudice, and Lewellen's legal team is reportedly exploring all available options for future action. This development highlights ongoing legal challenges regarding the classification of software under existing financial regulations, particularly concerning money transmission.

Read full story at Cointelegraph
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News
Texas Court Rejects Developer's Bid to Exempt Soft...
Cointelegraph•Thursday, March 26, 2026 at 03:09 AM•1 min read

Texas Court Rejects Developer's Bid to Exempt Software from Money Transmitter Laws

Share:
The Arch TakeBearish
Regulation

A Texas judge has dismissed a case involving Pharos developer Michael Lewellen, who sought to exempt his software from money transmitter laws. The court's decision was made without prejudice, and Lewellen's legal team is reportedly exploring all available options for future action. This development highlights ongoing legal challenges regarding the classification of software under existing financial regulations, particularly concerning money transmission.

Read full story at Cointelegraph
Share:
📱

Never miss a Web3 update

Join our Telegram channel to receive news in real-time, straight to your phone.

Join Channel

Related News

Crypto industry to contribute $55B to US economy in 2026: NCA study

Cointelegraph•3d ago

As BitMEX exits, analysts warn crypto consolidation is accelerating

Cointelegraph•3d ago

Bitcoin May Have Already Bottomed—If the Fed Helps, Says Grayscale

Decrypt •3d ago

Robinhood CEO Vlad Tenev's X account hacked to promote token amid memecoin frenzy

CoinDesk•3d ago
← Back to News Feed