“Ross Ulbricht, who stands accused of running the Silk Road black market under the name ‘Dread Pirate Roberts,’ says that new federal bitcoin laws make the charges against him invalid. In a filing over the weekend, Ulbricht’s lawyers defended him against charges of hacking, narcotics trafficking, operating a criminal conspiracy, and money laundering. The first three charges, his lawyers argue, are ‘unconstitutionally broad’ and can’t be applied to the normal operation of a website, even one whose business is illegal goods. And the last charge, they say, makes no sense if there isn’t actual money involved — a possibility implied by a recent IRS decision.”
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How did we get here?
Stossel: Silk Road's Founder Is in Jail for Life, but the Dark Web Only Grows