Brutkey

In the courts
A jury found Tornado Cash developer Roman Storm guilty on one of the three charges against him. Though the jury deadlocked on the other two charges — money laundering conspiracy and conspiracy to evade sanctions — they found him guilty of conspiracy to operate an unlicensed money transmitting business. This charge was the one I recently wrote “twisted the Tornado Cash prosecutors into a pretzel” after they followed guidance from Deputy Attorney General Todd Blanche to drop a portion of the charge:

Now they’re left trying to argue that Tornado Cash should have been doing a whole bunch of compliance activities, while simultaneously acknowledging that they can’t prosecute Storm for failing to register as a business that would require such compliance.
The good news for Storm is that this charge carries a comparatively light maximum sentence of up to five years in prison; the other two charges have maximum sentences of twenty years. Storm’s attorney said he plans to appeal his conviction, telling reporters it has “serious legal issues”. I certainly don’t disagree, and I’ll be watching the appeal closely.1
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In the courts A jury found Tornado Cash developer Roman Storm guilty on one of the three charges against him. Though the jury deadlocked on the other two charges — money laundering conspiracy and conspiracy to evade sanctions — they found him guilty of conspiracy to operate an unlicensed money transmitting business. This charge was the one I recently wrote “twisted the Tornado Cash prosecutors into a pretzel” after they followed guidance from Deputy Attorney General Todd Blanche to drop a portion of the charge: Now they’re left trying to argue that Tornado Cash should have been doing a whole bunch of compliance activities, while simultaneously acknowledging that they can’t prosecute Storm for failing to register as a business that would require such compliance. The good news for Storm is that this charge carries a comparatively light maximum sentence of up to five years in prison; the other two charges have maximum sentences of twenty years. Storm’s attorney said he plans to appeal his conviction, telling reporters it has “serious legal issues”. I certainly don’t disagree, and I’ll be watching the appeal closely.1
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