In a concerted move that underscores the escalating tensions between regulatory bodies and the cryptocurrency industry, the Blockchain Association, Coin Center, and DeFi Education Fund have collectively backed a legal plea urging the U.S. government to retract its accusations against Roman Storm, a principal figure behind the cryptocurrency mixing service, Tornado Cash.
The legal documents, submitted on April 5th to the Southern District of New York's U.S. District Court, articulate a robust defense of Tornado Cash's operational model, emphasizing that the platform did not exert any form of control over the transactions or communications its users initiated. Furthermore, the advocacy entities posited that the trio of felony allegations confronting Storm—a breach of sanctions, among others—should be invalidated, pointing to sig
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First found on: Crypto news from Coinatory
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