{"id":129357,"date":"2025-05-16T02:24:07","date_gmt":"2025-05-16T02:24:07","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=129357"},"modified":"2025-05-16T02:24:07","modified_gmt":"2025-05-16T02:24:07","slug":"tornado-cash-dev-roman-storm-trial-goes-ahead-with-slight-trim","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=129357","title":{"rendered":"Tornado Cash dev Roman Storm trial goes ahead with slight trim"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsUS federal prosecutors are pressing ahead with their case against Tornado Cash founder Roman Storm, but will drop a small part of their indictment after the Department of Justice rolled back its crypto enforcement last month.<br \/>\nJay Clayton, the acting US Attorney for Manhattan, told federal court judge Katherine Polk Failla in a May 15 letter that the charges against Storm still stand, bar one part of a conspiracy to operate an unlicensed money transmitting business charge.<br \/>\n\u201cAfter review of this case, this Office and the Office of the Deputy Attorney General have determined that this prosecution is consistent with the letter and spirit of the April 7, 2025 Memorandum from the Deputy Attorney General,\u201d Clayton wrote.<br \/>\nDeputy Attorney General Todd Blanche\u2019s April memo said the Justice Department would end the so-called \u201cregulation by prosecution\u201d of crypto, and added that the agency wouldn\u2019t prosecute crypto mixers like Tornado Cash \u201cfor the acts of their end users or unwitting violations of regulations.\u201d<br \/>\nA highlighted excerpt of Blanche\u2019s memo stating that the Department of Justice was rolling back its crypto enforcement. Source: US Department of JusticeClayton added that the indictment against Storm will cut the accusation that he failed to comply with money transmitting business registration requirements.<br \/>\nProsecutors were pursuing that charge as part of their allegation that Storm conspired to run Tornado Cash as an unlicensed money transmitter.<br \/>\nThe government will still push ahead with the charge under the accusation that Storm transmitted funds while knowing they were derived from a criminal offence or were intended to support unlawful activity.\u00a0<br \/>\nThe Justice Department alleged that Tornado Cash helped launder over $1 billion worth of crypto, including for the sanctioned North Korean state-backed hacking collective the Lazarus Group.<br \/>\nClayton said the Justice Department will also still pursue the other two charges in its indictment, one count of money laundering conspiracy and one count of conspiracy to violate US sanctions.<br \/>\nRelated: NFT founder stole millions from Bitcoin project, investors allege\u00a0<br \/>\nThe money laundering and sanctions violations conspiracy charges each carry a maximum sentence of 20 years in prison, while the unlicensed money transmitter conspiracy charge carries a maximum sentence of five years.<br \/>\nStorm has pleaded not guilty, and his trial is scheduled for July 14. He was charged alongside fellow founder Roman Semenov, who is at large and believed to be in his native Russia.<br \/>\nBlanche memo cited in bids to toss<br \/>\nOther crypto executives facing charges have pointed to Blanche\u2019s memo in a bid to have their cases dismissed.<br \/>\nCrypto mixer Samourai Wallet co-founders Keonne Rodriguez and William Hill had pointed to the memo to try to dismiss their charges of conspiracy to operate an unlicensed money transmitter and money laundering conspiracy.<br \/>\nBraden John Karony, the CEO of crypto firm SafeMoon, has also cited the memo in an attempt to have the charges of securities fraud, wire fraud and money laundering conspiracy against him dismissed.<br \/>\nLegal Panel: XRP win leaves Ripple a \u2018bad actor\u2019 with no crypto legal precedent set\u00a0<a href=\"https:\/\/cointelegraph.com\/news\/tornado-cash-roman-storm-trial-goes-ahead-drop-one-count?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsUS federal prosecutors are pressing ahead with their case against Tornado Cash founder Roman Storm, but will drop a small part of their indictment after the Department of&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129357"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129357"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129357\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129357"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}