DOJ Fights to Trial Tornado Cash Dev Amid Crypto Industry Backlash
April 28, 2024The 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
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Sources
Cointelegraph • Apr 28, 2024
DOJ challenges motion to dismiss Tornado Cash co-founder’s chargesBeInCrypto • Apr 28, 2024
DOJ Opposes Dismissal of Tornado Cash Case, Worrying Crypto TradersBitcoinist.com • Apr 28, 2024
DOJ Counters Tornado Cash Developer’s Motion To Dismiss - Details