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#TornadoCash

5 posts4 participants0 posts today
Miguel Afonso Caetano

"A jury’s partial conviction of Tornado Cash developer Roman Storm illustrates the Trump administration’s selective approach to cryptocurrency policy: slash regulations and end enforcement actions against benefactors, while cracking down on the type of privacy software that was once a fundamental component of the original cypherpunk ideology — long since abandoned by much of the crypto industry. A White House cryptocurrency working group recommendation to expand the Patriot Act to digital asset transactions suggests this is not just a prosecutorial hangover from the Biden administration, but an ongoing priority. Meanwhile, Trump’s SEC is running “Project Crypto”, described as a lucrative “deregulation blitz” for the industry."

citationneeded.news/issue-90/

Citation Needed · Issue 90 – Crime szn broThe Trump administration cracks down on software to limit surveillance of crypto transactions, while celebrating a “deregulatory blitz” tailored for its billionaire benefactors
#USA#Trump#Crypto
Miguel Afonso Caetano

"The prosecution’s flailing attempts to navigate around the Blanche memo exemplify the incoherence of the Trump administration’s approach to cryptocurrency enforcement: sweeping regulatory rollbacks that primarily benefit wealthy crypto operators, while simultaneously pushing ahead with aggressive prosecutions of developers like Storm to avoid the appearance of being soft on North Korea or cybercrime more broadly. The result is a prosecution that must somehow prove that Storm failed to implement specific compliance controls, without being able to point to any regulations outlining these controls that he supposedly failed to follow.

With their legal theory in shambles, prosecutors have resorted to tenuous guilt-by-association arguments and mischaracterized evidence. They’ve tried to hold Storm responsible for scams that may not have even touched Tornado Cash, argued that he should be culpable for not helping scam victims in ways that would not have been technically possible, and built a case for intent around chat messages that turned out to be forwarded news inquiries rather than evidence of criminal conspiracy. What remains is less a coherent prosecution than a cautionary tale about the dangers of letting political imperatives drive criminal cases."

citationneeded.news/tornado-ca

Citation Needed · The Tornado Cash case: When politics sabotage a prosecutionThe Trump administration’s regulatory whiplash has left prosecutors scrambling with misattributed chat messages and questionable victim testimony
#USA#TornadoCash#Crypto
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