Roman Storm, co-founder of Tornado Cash, was found guilty of conspiracy to operate an unlicensed money transmitting business but acquitted on sanctions violation charges.



The jury in Manhattan convicted Storm on the money transmitting charge, highlighting concerns over unregulated #crypto services facilitating illicit funds. This could set a precedent for how developers are held liable for their platforms’ misuse.

Being cleared on sanctions evasion suggests the court did not find sufficient evidence linking Storm directly to violations involving entities like North Korea’s Lazarus Group.

This case underscores the tension between innovation and regulation in crypto. Developers might face tighter scrutiny, especially for privacy-focused tools, as authorities push compliance boundaries.

#CryptoNews
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