By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Viral Trending contentViral Trending content
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
Reading: Tornado Cash Legal Saga: Pro-Crypto Groups Support Developer With Amicus Briefs
Notification Show More
Viral Trending contentViral Trending content
  • Home
  • Categories
    • World News
    • Politics
    • Sports
    • Celebrity
    • Business
    • Crypto
    • Tech News
    • Gaming News
    • Travel
  • Bookmarks
© 2024 All Rights reserved | Powered by Viraltrendingcontent
Viral Trending content > Blog > Crypto > Tornado Cash Legal Saga: Pro-Crypto Groups Support Developer With Amicus Briefs
Crypto

Tornado Cash Legal Saga: Pro-Crypto Groups Support Developer With Amicus Briefs

By admin 3 Min Read
Share
SHARE

In a rapidly developing case, three cryptocurrency advocacy groups have filed amicus briefs in support of Tornado Cash developer Roman Storm, who has been indicted for his role in the creation and operation of the prominent crypto mixer platform. Storm, who has since been apprehended by US authorities, had earlier filed for a motion to dismiss the charges against him, describing them as “fatally flawed.” 

Contents
Blockchain Association, Others Back Storm’s Dismissal CaseTornado Cash Developers Not Liable For Service Usage: Coin Center

The US citizen, who is one of the three Tornado Cash developers, faces three charges from the US Department of Justice (DOJ) alongside Russian counterpart Roman Semenov who is currently on the loose. Meanwhile, Alexey Pertsev, the last Tornado Cash co-founder, is also undergoing trial in the Netherlands for similar reasons, with a court ruling expected on May 14.

Blockchain Association, Others Back Storm’s Dismissal Case

In solidarity with Tornado Cash developers, the Blockchain Association, Coin Center, and DeFi Education Fund each submitted an individual amicus brief on April 5, supporting Roman’s Storm motion to dismiss charges levied by the DOJ. 

All three advocacy groups generally criticized the indictment by the US government, however, with a separate focus on different charges. For instance, the Blockchain Association argued against the charge of conspiracy to operate as an unlicensed money-transmitting business.

The Washington-based pro-crypto group stated that in accordance with the US Financial Crimes Enforcement Network (FinCEN),  Tornado Cash did not qualify as a money transmitter as the platform’s operations do not involve independent control over the movement of users’ assets. 

Meanwhile, the DeFi Education Fund slammed the DOJ’s charge of Roman Storm conspiring to violate the International Economic Emergency Powers Act (IEEPA). 

The crypto advocacy group questioned the US government’s novel interpretation of the IEEPA in this case,  which would make developers criminally liable for the use of their products or software by sanctioned entities. The DeFi Education Fund believes that such an application of the IEEPA is illegal and could intimidate software developers across all spaces.

Tornado Cash Developers Not Liable For Service Usage: Coin Center

Finally, Coin Center countered the DOJ’s charge of a conspiracy to commit money laundering stating that Roman Storm and his co-developers created Tornado Cash as a simple “freely available privacy tool” and are not responding for its uses either by a “criminal or law-abiding citizen.”

The crypto support group drew similarity to the use of cars by criminals in evading law enforcement agencies and these machines are simply still classified as a general means of transportation. In addition, Coin Center also highlighted efforts by the defendants to block access of known persons to the Tornado Cash service following complaints. 


Tornado CashTotal crypto market valued at $2.508 trillion on the daily chart | Source: TOTAL chart on Tradingview.com

Featured image from Bloomberg, chart from Tradingview.

You Might Also Like

The Public internet is a bottleneck for blockchain — DoubleZero CEO

Bitcoin Pricing Bands Hint At Potential $117,000 Target – Details

Moody's downgrades US credit rating due to rising debt

Analyst Identifies $90,000 As Bitcoin’s Pivotal Support – Details

High-speed oracles disrupting $50B finance data industry — Web3 Exec

TAGGED: Crypto, Crypto News, News
Share This Article
Facebook Twitter Copy Link
Previous Article Trump Fundraiser Secures Historic $50.5 Million for 2024 War Chest
Next Article Creative Aurvana Ace 2 Review: These Solid-State Earbuds Sound Insane
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
Ad image

Latest News

Can Denver fix its messy restaurant problem with a new industry liaison?
Business
Germany’s Merz says Russia-Ukraine talks ‘fell short’ of expectations
World News
The Public internet is a bottleneck for blockchain — DoubleZero CEO
Crypto
Pedro Pascal: Photos of the Actor Then & Now
Celebrity
Bitcoin Pricing Bands Hint At Potential $117,000 Target – Details
Crypto
NetherRealm should make Injustice 3 — and there are lots of ways to top the first 2
Gaming News
How Jaguar Lost Its Roar: JLR Just Sacked Its Ad Agency – You Won’t Believe Why
World News

About Us

Welcome to Viraltrendingcontent, your go-to source for the latest updates on world news, politics, sports, celebrity, tech, travel, gaming, crypto news, and business news. We are dedicated to providing you with accurate, timely, and engaging content from around the globe.

Quick Links

  • Home
  • World News
  • Politics
  • Celebrity
  • Business
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
  • Sports
  • Crypto
  • Tech News
  • Gaming News
  • Travel

Trending News

cageside seats

Unlocking the Ultimate WWE Experience: Cageside Seats News 2024

Can Denver fix its messy restaurant problem with a new industry liaison?

Investing £5 a day could help me build a second income of £329 a month!

cageside seats
Unlocking the Ultimate WWE Experience: Cageside Seats News 2024
May 22, 2024
Can Denver fix its messy restaurant problem with a new industry liaison?
May 18, 2025
Investing £5 a day could help me build a second income of £329 a month!
March 27, 2024
Brussels unveils plans for a European Degree but struggles to explain why
March 27, 2024
© 2024 All Rights reserved | Powered by Vraltrendingcontent
  • About Us
  • Contact US
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Welcome Back!

Sign in to your account

Lost your password?