• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Paradigm's Support for Roman Storm: Legal Battle Over Tornado Cash

user avatar

by Giorgi Kostiuk

a month ago


Crypto investment firm Paradigm has come forward to support Roman Storm, co-founder of Tornado Cash, in a legal proceeding initiated by the U.S. government.

Case Overview

Tornado Cash is a tool that mixes cryptocurrencies to ensure transaction privacy. However, the U.S. government claims that Tornado Cash is operating illegally without a license.

Paradigm's Arguments

Paradigm has filed documents in court, arguing that the government's accusations do not align with the law or past rulings. Their legal team states that the developers of Tornado Cash do not control or manage the funds, which calls into question the claim that they are 'money transmitters'. They referenced court decisions from 2014 and 2019 asserting that creating software is not equivalent to handling money.

Industry Significance

Paradigm is concerned that if Storm is found guilty, it could negatively impact innovation in technologies such as cryptocurrency or artificial intelligence. The firm's lawyers argue that it is unfair to penalize developers for how others use their tools, likening it to blaming phone manufacturers for illegal calls made by users.

The trial against Roman Storm is scheduled for July 14, and its outcomes could have a significant impact on the software development industry.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

XRP Bull Cycles Analysis: When Will the Current Surge End?

chest

Expert analysis looks at XRP's historical bull cycles and predicts the current cycle may end in August 2025.

user avatarGiorgi Kostiuk

Bitcoin and Bittensor: New Heights in the Cryptocurrency Market

chest

Bitcoin sets a new record while Bittensor shows continuous growth. Exploring new trends in the crypto market.

user avatarGiorgi Kostiuk

Bitcoin and Altcoins Drop: What's Next for the Market?

chest

Bitcoin and altcoins have faced a downturn; investors debate whether the crypto bull run has ended.

user avatarGiorgi Kostiuk

Marathon Digital Invests $20 Million in Two Prime to Enhance Bitcoin Yield Strategy

chest

Marathon Digital Holdings increases its investment in Bitcoin by committing $20 million to Two Prime, enhancing its Bitcoin allocation.

user avatarGiorgi Kostiuk

Function Completes $10M Seed Round to Enhance Bitcoin Yield Infrastructure

chest

Function raises $10M from Galaxy Digital to advance its Bitcoin yield infrastructure, providing new solutions for institutional investors.

user avatarGiorgi Kostiuk

June Inflation Hits 2.7%, Bitcoin Bounces Back to $117,000

chest

The Consumer Price Index in the US rose to 2.7% in June, impacting Bitcoin's price which fluctuated around $116,400.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.