DOJ's Broad Interpretation of Money Transmitters Under Scrutiny https://t.co/gyDDnDfMTk
🚨The U.S. Department of Justice filed in opposition to a dismissal motion from Roman Storm, a Tornado Cash developer. The DoJ wants Storm to face trial after allegedly profiting to tune of "millions" while contributing to the project 👀 Read More: https://t.co/vaPyRpp3HB https://t.co/kQMrw0qQ9n
Does Money Transmitting Require Control? DOJ Says No in #TornadoCash Litigation https://t.co/gyDDnDfMTk

The U.S. Department of Justice (DOJ) has opposed a motion to dismiss charges against Roman Storm, a developer associated with Tornado Cash, a service designed to anonymize cryptocurrency transactions. The DOJ argues that Storm's involvement extends beyond mere coding, highlighting that Tornado Cash has been utilized by entities like North Korea's Lazarus Group for money laundering. The DOJ also claims Storm profited millions from his contributions to the project. This case, scrutinizing the DOJ's broad interpretation of money transmitters, is viewed as pivotal in the crypto industry, with significant implications for privacy and the interpretation of laws around emerging technologies.






