Cryptocurrency Advocates Rally for Dismissal in Tornado Cash Co-founder Case

Cryptocurrency Advocates Rally for Dismissal in Tornado Cash Co-founder Case



In a concerted move that underscores the escalating tensions between regulatory bodies and the cryptocurrency industry, the Blockchain Association, Coin Center, and DeFi Education Fund have collectively backed a legal plea urging the U.S. government to retract its accusations against Roman Storm, a principal figure behind the cryptocurrency mixing service, Tornado Cash.



The legal documents, submitted on April 5th to the Southern District of New York's U.S. District Court, articulate a robust defense of Tornado Cash's operational model, emphasizing that the platform did not exert any form of control over the transactions or communications its users initiated. Furthermore, the advocacy entities posited that the trio of felony allegations confronting Storm—a breach of sanctions, among others—should be invalidated, pointing to sig


Read more about Cryptocurrency Advocates Rally for Dismissal in Tornado Cash Co-founder Case


#Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations

Comments

Popular posts from this blog

Polygon Labs Secures ISO 27001 Certification, Enhancing Blockchain Security Standards

$500K worth of stETH redeemed in 3 hours as Lido enables withdrawals

Regulatory Challenges for Web3 in Nigeria Amidst Binance Crackdown