The U.S. Department of Justice has clarified that Dragonfly Ventures is not under investigation regarding its investment in Tornado Cash. This update comes as Roman Storm's trial continues.
DOJ Steps Back from Dragonfly Allegations
According to attorney Qureshi, the DOJ confirmed during a trial on Monday that reports suggesting Dragonfly Ventures was under investigation were incorrect. He stated, 'The DOJ has now backtracked… Neither Dragonfly nor any of its principals are targets in their investigation.'
Qureshi Criticizes DOJ Comments
Qureshi criticized the DOJ’s initial comments in open court, calling them 'unprecedented and against policy.' He noted that the DOJ should never speculate about prosecuting a third party in open court and suggested that such remarks could deter investment in blockchain and privacy technologies.
Attention Shifts Back to Roman Storm Trial
Now that the DOJ has clarified its position, Qureshi urged the public to focus on Roman Storm's trial, which could have significant implications for open-source developers and privacy rights in the U.S. Storm is on trial for money laundering and sanctions violations, with his defense arguing that he created a privacy tool rather than a money laundering operation.
The situation surrounding Dragonfly Ventures has been resolved following the DOJ's clarifications, but public attention is now focused on Roman Storm's trial, which may impact the future of privacy technologies.
