Federal Bitcoin Case Against Brain Scientist Peter Steinmetz Falls Apart
Federal prosecutors filed a motion last week to dismiss charges of illegal bitcoin trading against Tempe brain scientist and gun-rights activist Peter Steinmetz.
A judge is expected to approve the motion soon, which will have the effect of dropping the case and most of the forfeiture proceedings against Steinmetz, according to his lawyer, Lee Stein.
Prosecutors filed the motion a few weeks after Stein introduced evidence that showed Steinmetz had repeatedly told an undercover agent that he wasn't interested in doing anything illegal.
According to a transcript of a meeting between between Steinmetz and the agent posing as a Russian buyer, the negotiation went like this:
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