Bitcoin Magazine
The Tornado Cash trial concludes: The Roman storm condemns one of three charges
Today in the southern province of New York (SDNY), the co -founder of Tornado Cash Roman Storm was convicted of the second charge of the indictment to it, and to conspire to operate the transfer of unlicensed funds.
The jury did not reach a unanimous ruling on the other two charges – conspiracy to commit money laundering and conspiring to violate the penalties.
The jury arrived at this guilty ruling three and a half days after the deliberations and after a trial that started in the middle of last month.
As a result of the guilty judgment on the charge of transferring funds, the storm is now facing up to five years in prison.
Judge Villa refuses to propose a reserve storm
In the aftermath of the ruling, the prosecution made a proposal for detention in the reservation, claiming that it was the risk of flying.
Mrs. Klein retreated to defend the government’s assertion, saying that the storm had no reason to flee from the United States, especially given that his home in Washington state is linked to $ 2 million. His daughter, who has a partial nursery, and a friend of her headquarters in the United States and his parents who are holders of green cards; This is a lot of the encryption community that supports the storm based in the United States, and we hope that they will continue to support the storm because it appeals to power.
The prosecution claimed that the storm was now convicted of a crime, and he has a greater incentive to flee, but the judge was not convinced.
She claimed that “the stability of the referee is still under play” (it is likely that it indicates the idea that the storm will appeal the ruling), before adding that “his incentives have turned greatly”, and then depriving him of the proposal to the reference.
US lawyer for SDNY Batings in
Shortly after the referee, the US lawyer for SDNY (and the Chairman of the former US Securities and Stock Exchange) Jay Clayton He issued a statement On the ruling.
“The Roman Storm and Tornado Cash provided a service to North Korean infiltrators and other criminals to move and hide more than a billion dollars of dirty money,” Clayton said.
“Speed, efficiency, stablecoins and other digital assets provide a great promise, but this promise cannot be an excuse for criminality. Criminals who use new technology to commit old crimes, including hiding dirty money, undermining public confidence, and they are indifferent to many creators who work legally.”
“This office and partner agencies are committed to accounting those who use the emerging techniques to commit the crime.”
Clayton did not recognize A memorandum issued by US Deputy Prosecutor Todd Blanche Where Blanche stated that the US Department of Justice “will stop participating in the organization through the claim” in the encryption space and that it will not target the services of the virtual currency mixing for the actions of its final users.
He also did not mention that the vast majority of the money that was transmitted through Tornado Cash users has not been proven illegally obtained.
This cash trial is concluded after Tornado: Romanian storm appeared in one of three charges that appeared for the first time in the Bitcoin magazine and written by Frank Corva.
The post Tornado Cash Trial Concludes: Roman Storm Found Guilty of One of Three Counts first appeared on Investorempires.com.
