The U.S. Treasury Department has officially withdrawn the appeal related to Tornado Cash sanctions, marking the end of a long-standing lawsuit against this cryptocurrency mixer service. However, the legal proceedings surrounding one of its key developers, Roman Storm, are still ongoing.
Conclusion of Tornado Cash Lawsuit
Last year, the U.S. Treasury lifted its sanctions on Tornado Cash, which were initially imposed to prevent money laundering activities. The Treasury also relinquished its appeal rights in the case initiated alongside Coin Center. As a result, the department terminated its legal battle concerning Tornado Cash.
Case Against Roman Storm
Legal proceedings against Roman Storm, a significant developer of Tornado Cash, remain active. Currently, U.S. authorities continue to pursue allegations against Storm, while he defends his legal rights. According to official sources, no verdict has been reached in Storm’s case. This legal battle could set a precedent for other open-source code developers and similar cases in the cryptocurrency software industry.
Sector-Wide Observations and Potential Outcomes
Industry figures suggest that developments around the Tornado Cash lawsuit may prompt regulatory changes in the long term. Experts are monitoring this process to assess the effects of laws and sanctions on the crypto sector. Decisions made by the U.S. Treasury regarding the operation of such platforms directly influence the implementation of projects in the sector.
Legal developments in this area may manifest their impacts over time, as suggested by experts. Following the closure of the Tornado Cash case, players in the industry plan to proceed with greater caution regarding legal risks and regulatory compliance.
