- In the case of United States v. Harmon, Chief Judge Beryl A. Howell wrote that money is "commonly means a medium of exchange, method of payment, or store of value.”
- "Bitcoin is these things," Judge Howell added.
- The court's comments mean bitcoin "is treated as money in the context of money transmission licensing in D.C., nothing more," said Neeraj Agrawal, director of communications at Coin Center, a cryptocurrency public policy think tank.
Update (July 24, 17:13 UTC): This article has been updated with a comment from Coin Center.
Update (July 24, 17:29 UTC): This article has been updated with background information on U.S. v. Harmon.
Update (July 24, 19:41 UTC): This article's headline has been updated to further clarify the decision applies to money transmission in Washington, D.C.
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