Ethereum developer Virgil Griffith originally ran afoul of U.S. law for attending a conference in North Korea.
of imprisonment, followed by three years of supervised release. He is also obligated to pay a $100 assessment and a criminal fine amounting to $100,000.
Under the provisions of the Export Control Reform Act , individuals convicted of specific offenses, such as violating the International Emergency Economic Powers Act , may face a denial of export privileges for a period of up to ten years. This denial can lead to the revocation of any licenses or authorizations previously granted by the Bureau of Industry and Security .
As a result of the bar, Virgil Griffith will be restricted from engaging, directly or indirectly, in any transactions involving commodities, software, or technology that fall under the jurisdiction of U.S. export regulations. This effectively entails the denial of his export privileges as a U.S. citizen.
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