DOJ stop di Tornado Cash mata moi, clear Dragonfly Ventures
Di DOJ don talk say dem no dey investigate Dragonfly Ventures or their oga dem for 2020 investment wey dem put for PepperSec wey be the people wey create Tornado Cash. Dragonfly Ventures co-founder Haseeb Qureshi tok for X say for one trial wey happen July 28, di department talk say some media talk wey dey talk say dem get case na lie and e no correct. Di venture firm support Tornado Cash after lawyers talk say di privacy protocol dey follow all di law dem. OFAC sanctions wey dem put for Tornado Cash from 2022 don comot this year after users carry dem go court. Even so, di main developers Roman Storm and Roman Semenov still dey face money laundering case, and Storm dey collect fund for legal cost. Di DOJ talk clear am make e no be problem for crypto investment and e still dey support privacy protocols.
Bullish
Di DOJ pull out from any investigation wey dem dey do on Dragonfly Ventures don clear big regulatory wahala wey dey Torando Cash and im supporters. For short term, di legal clarification fit ginger renewed trading volume and market interest for TORN as traders begin regain confidence. For long term, when regulatory path clear for privacy-focused protocols, e fit attract institutional and retail investors, wey go support more steady price. But still, di ongoing legal wahala wey some key developers dey face fit bring some risk, so price fit no rise well well because dem still dey check DeFi privacy tools.