News and Analytics

0

Co-Founder of Tornado Cash Seeks Dismissal of Charges, Citing First Amendment

Apr 1, 2024
  • Roman Storm, one of the key figures behind Tornado Cash, a cryptocurrency mixing service, has made a move to have the allegations against him dismissed. Following his arrest related to the platform's launch, Storm has put forth various legal defenses to counter the charges.

  • One of the primary arguments presented by Storm is that coding is a form of expression protected under the First Amendment. The charges against him include involvement in an unregistered money transmitting business, conspiracy to violate the International Economic Emergency Powers Act, and money laundering.

Challenging the Indictment

  • The penalties for these charges can go up to twenty years in prison. Storm's legal team has contended that the indictment is flawed and that their software work falls under their constitutional rights of free expression.

  • Storm's defense has raised several crucial points to challenge the accusations. They argue that Tornado Cash should not be labeled as a money transmitting business, as customers had full control over their funds without any direct costs from the platform.

  • The defense also questions the conspiracy allegations, as the illicit activities allegedly occurred after the co-founders had relinquished control of the platform's smart contracts.

Comments

Latest analytics

Bead Pay: Cryptocurrency...

Bead Pay: Cryptocurrency Solutions for Global Payments

Bobby Zagotta and...

Bobby Zagotta and His Impact on the Crypto Industry

Show more

Latest Dapp Articles

Show more

You may also like