DOJ Don Confirm Say Dem No Get Charge for Dragonfly Capital for Tornado Cash Investigation
Dragonfly Capital don talk say U.S. Department of Justice for sabi dem no go chase case against their team for di Tornado Cash matter. After Dragonfly Capital invest for Tornado Cash development team for August 2020—after one external legal review talk say that mixer correct according to law that time—the company cooperate well by giving all documents and communication them ask. On July 25, prosecutors hint say dem fit get case against fund partners, but dem comot that talk and withdraw subpoena after Dragonfly refuse to talk without Fifth Amendment protection. This matter settle remove serious legal wahala, clear DOJ policy on how dem dey check on‐chain mixers, and reduce regulatory wahala for Dragonfly Capital and their investors.
Bullish
This news clear big legal wahala for Dragonfly Capital and Tornado Cash protocol by confirming say DOJ no go bring charges. The removal of subpoenas and withdrawn statements dey improve regulatory clarity for on‐chain mixers. For short term, traders fit gain confidence and re-enter positions for related DeFi assets, as for long term e set positive precedent for decentralized protocols wey dey face regulatory scrutiny.