DOJ Fights to Trial Tornado Cash Dev Amid Crypto Industry Backlash

April 29, 2024
DOJ Fights to Trial Tornado Cash Dev Amid Crypto Industry Backlash
  • The US DOJ is pursuing a trial against Tornado Cash developer Roman Storm, contesting his request to drop criminal charges.

  • Storm faces allegations of money laundering and operating an unlicensed money transmission service.

  • The DOJ refutes Storm's defense that Tornado Cash does not qualify as a money-transmitting entity, referencing FinCEN guidelines and claimed evidence of developer influence over transactions.

  • The crypto industry expresses apprehension, pointing to the case's potential repercussions for future crypto regulation in the United States.

  • Three pro-crypto organizations have intervened in support of the accused, highlighting the legal battle's significance to the broader crypto community.

  • Increased regulatory scrutiny from the US government on the crypto space is underscored by the legal action against Storm.

Summary based on 3 sources


Get a daily email with more Crypto stories

More Stories