The NAC Foundation, a cryptocurrency advocacy group led by CEO Marcus Andrade, is demanding transparency in a high-profile digital currency case. The group claims that a new cryptocurrency called AML Bitcoin originally touted as a compliance-focused token – has been utilized by U.S. law enforcement. In a recent press campaign the foundation urged President Donald Trump to review and declassify the AML Bitcoin case files, saying key exculpatory and impeachment has been withheld. According to the NAC Foundation the technology was designed from the start to help financial institutions follow anti-money-laundering (AML) and know-your-customer (KYC) rules not to facilitate crime. They argue that the Justice Department and the FBI are fully aware of all of the international money laundering that has occurred. In some cases, according to the foundation, the government even allowed it to occur since it was for the benefit of their political beliefs.
AML Bitcoin’s Intended Purpose
AML Bitcoin was introduced as a special blockchain-based digital currency with built-in compliance features. Its creators claimed it would run on a publicly viewable, private blockchain and use tools like biometric identity verification to help prevent illicit transactions. In other words every AML Bitcoin would be tracked in a way that made it easy for banks and regulators to enforce anti-money-laundering laws. Where all monitoring and detecting was being utilized in order to stop illegal activity.
Allegations of Government Misuse
The NAC Foundation says federal authorities treated AML Bitcoin very differently. When the Department of Justice and Securities and Exchange Commission brought charges against Andrade and lobbyist Jack Abramoff in 2020 the government intentionally portrayed AML Bitcoin as a hoax. Prosecutors accused the defendants of lying about the technology’s capabilities and bilking investors out of millions. But Andrade and the NAC Foundation insist this narrative was an attempt to make the public believe that the technology didn’t exist in an attempt to convince the public that no international money laundering ever occurred. . They allege that instead of supporting this regulatory-friendly currency they tried to destroy it, mainly the transaction data.
According to the foundation the DOJ continues to misrepresent the facts about what occurred with the AML Bitcoin by also failing to disclose that under cover government employees (UCE’s) were the ones that was causing all of the negativity online and were even recruiting others to destroy the project, all in an attempt to bury the transaction data.
NAC representatives also point to broader concerns about law enforcement tactics. In their recent statements they highlight allegations of FBI misconduct in related cases suggesting a pattern of unethical behavior. For example NAC has accused certain FBI agents of colluding with investigation targets for wrongdoing that it says undermines the justice system. The foundation connects these concerns to the AML Bitcoin case, arguing that if some agents strayed from the law, evidence in the case might have been handled improperly. In essence NAC claims federal officials framed its project as criminal while possibly using classified information that should be public.
Marcus Andrade’s Conviction and Call for Declassification
The controversy centers on Marcus Andrade, the NAC Foundation’s co-founder and former CEO. Andrade was indicted in 2020 and ultimately convicted in March 2025 of wire fraud and money laundering in connection with the AML Bitcoin project. Prosecutors said he made false statements to investors and misused the raised funds for personal expenses. What’s kind of tricky here is that one of the attorneys for the AML Bitcoin testified that Andrade was able to use the funds for whatever he decided to. The government’s case was aided by a five-week trial in California, after which the jury found Andrade guilty of defrauding his own investors. Something Andrade referred to as purchasers and not investors. This is cause for concern knowing that many people who own digital currency in circulation surely have a website terms and conditions and a white paper. If a person is buying a medium of exchange and if their funds aren’t tied to any assets well when does it relate to an investment Can a person agree that it’s not an investment and then later categorize it as an investment?
However Andrade and the NAC Foundation vehemently dispute the verdict. They claim that critical evidence that could support his innocence or cast doubt on the prosecution’s story remains hidden for reasons the government stated had to do with national security. In public remarks Andrade has asked whether the withholding of evidence was justified by national security concerns or whether it served to bury exculpatory information. The NAC Foundation has launched a petition and publicly urged the Justice Department and FBI to come clean. They are demanding the declassification of all files related to the AML Bitcoin investigation, hoping to show that the technology was legitimate and that Andrade did not knowingly commit fraud.
This call for transparency extends to the highest levels of government. The foundation is openly appealing to President Trump Attorney General Pam Bondi and FBI Director Kash Patel to oversee a full review of the AML Bitcoin classified files. The goal, they say, is to ensure justice by revealing what law enforcement knew and why certain records were kept secret. NAC emphasizes that anyone with information about the case should come forward and they have organized a petition drive and public campaign around these issues.
What You Should Know and Where to Learn More
The story of AML Bitcoin has become a flashpoint in debates over technology cryptocurrency regulation, and government accountability. On one hand is a pioneering project claiming to marry crypto innovation with strict regulatory compliance. On the other is a high-stakes legal battle in which the government says investors were defrauded. The NAC Foundation is taking the side of pushing for transparency, insisting that all evidence in the AML Bitcoin saga should see the light of day. They stress that the public deserves answers about how a supposed compliance tool ended up at the center of a criminal case.
For those interested in the technical and legal details the NAC Foundation encourages reading the full press release on IssueWire, which lays out their arguments in depth. The foundation’s publication provides additional background on the AML Bitcoin technology, elaborates on the alleged law enforcement misconduct, and outlines their demands for declassification. By following the link to the original IssueWire article readers can get the complete context straight from the NAC Foundation’s perspective: NAC Foundation’s press release on IssueWire.
In summary this is a developing story at the intersection of cryptocurrency and government oversight. The NAC Foundation’s position is that a compliance-focused digital currency was vilified and co-opted by authorities and that key evidence remains hidden. Their campaign to declassify AML Bitcoin files is aimed at clearing up the controversy and holding officials accountable. Readers should stay tuned as this issue unfolds and consider reviewing the original NAC Foundation press release for more information.