Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • BLOG
No Result
View All Result
Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • BLOG
No Result
View All Result
Invest In Crypto News
No Result
View All Result

Pro-Crypto Groups Support Roman Storm with Amicus Briefs

CryptoExpert by CryptoExpert
April 7, 2024
in Altcoin News
0
Tornado Cash
  • Facebook
  • Twitter
  • Pinterest


You might also like

Starknets Cairo Toolchain Releases V2195 Update

BNB Crosses $800 While DOGE and XRP Log Double-Digit Gains

Celestia Ships V0342 Corto Update For Corto Testnet Nodes

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.” 

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.

Betfury

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. 


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

Featured image from Bloomberg, chart from Tradingview.



Source link

  • Facebook
  • Twitter
  • Pinterest
CryptoExpert

CryptoExpert

Recommended For You

Starknets Cairo Toolchain Releases V2195 Update

by CryptoExpert
September 22, 2026
0
Starknets Cairo Toolchain Releases V2195 Update

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Cairo v2.19.5 has been released by Starkware. The update contains compiler and code-generation fixes....

Read more

BNB Crosses $800 While DOGE and XRP Log Double-Digit Gains

by CryptoExpert
September 22, 2026
0
BNB Crosses $800 While DOGE and XRP Log Double-Digit Gains

Key TakeawaysBitcoin’s price reached $87,000 for the first time since Jan. 30, driving a broader market rally for altcoins.Ether rose 6% to $2,770, while BNB, XRP, and DOGE...

Read more

Celestia Ships V0342 Corto Update For Corto Testnet Nodes

by CryptoExpert
September 21, 2026
0
Celestia Ships V0342 Corto Update For Corto Testnet Nodes

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Celestia has released v0.34.2-corto for celestia-node. The release is specifically for the Corto testnet....

Read more

Kamino Names Yieldstreet Co Founder Michael Weisz Ceo For Us Expansion

by CryptoExpert
September 21, 2026
0
Kamino Names Yieldstreet Co Founder Michael Weisz Ceo For Us Expansion

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Kamino Finance has appointed Michael Weisz as CEO. Weisz co-founded alternative-investment platform Yieldstreet. His...

Read more

Near Ships Nearcore 2 14 0 Rc With Protocol And Database Upgrade

by CryptoExpert
September 21, 2026
0
Near Ships Nearcore 2 14 0 Rc With Protocol And Database Upgrade

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR NEAR has released nearcore 2.14.0-rc.1. The release is marked as both a protocol and...

Read more
Next Post
Bug in Discontinued Lido Staking Service Blocks User Access to Tokens Valued at $24.4 Million

Bug in Discontinued Lido Staking Service Blocks User Access to Tokens Valued at $24.4 Million

Leave a Reply Cancel reply

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

Browse by Category

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

Sitemap

  • Market Cap
  • Donations
  • Trading
  • Mining
  • Contact

Legal Information

  • Privacy Policy
  • Anti-Spam Policy
  • Copyright Notice
  • DMCA Compliance
  • Social Media Disclaimer
  • Terms Of Service

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

© Copyright 2024 InvestInCryptoNews.com

No Result
View All Result
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • BLOG

© Copyright 2024 InvestInCryptoNews.com

This website is using cookies to improve the user-friendliness. You agree by using the website further.

Privacy policy
bitcoin
Bitcoin (BTC) $ 85,991.00
ethereum
Ethereum (ETH) $ 2,751.77
tether
Tether (USDT) $ 0.999726
bnb
BNB (BNB) $ 789.92
xrp
XRP (XRP) $ 1.55
usd-coin
USDC (USDC) $ 0.999803
solana
Solana (SOL) $ 117.41
tron
TRON (TRX) $ 0.344863
staked-ether
Lido Staked Ether (STETH) $ 2,265.05
zcash
Zcash (ZEC) $ 1,519.30

Pin It on Pinterest

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?