As the case progresses, the community’s backing will be crucial in maintaining momentum and advocating for a more favorable regulatory environment.
Nigerian crypto activist and politician James Otudor has garnered significant support from the local cryptocurrency community in his legal battle for Nigerians’ fundamental rights to own, use, and trade Bitcoin, Tether, and other cryptocurrencies.
Speaking to Cointelegraph, Otudor shared that while moral support has been overwhelming, his team is not ready to accept financial contributions until systems ensuring transparency are in place. This precaution aims to prevent any potential propaganda from adversaries that could undermine the cause.
The court session on Aug. 9 was primarily an introduction to the case. Otudor highlighted that the Nigerian government’s confusion regarding crypto assets and blockchain technology significantly motivated the lawsuit.
