Judge Say No To DOJ Review For Tornado Cash Developer Roman Storm Case, Highlight Regulatory Wahala For Crypto Mixers
One U.S. federal judge don talk say no to pipo wey dey ask say make Department of Justice (DOJ) go check dia records for any correct tori wey go fit help Roman Storm, wey be Tornado Cash developer, for him court case wey dey come. Dem don charge Storm for say him dey do konji konji tins and him dey run money transfer business wey no get license through Tornado Cash, wey be Ethereum-based privacy mixer. Dem dey talk say him don transfer over $1 billion of bad money. Him lawyers wey dey defend am say make dem release more tori, especially tori wey relate to wetin DOJ and FinCEN dey talk about whether crypto mixers suppose register as money transmitters. For one 30 minutes hearing, the judge talk say no evidence say Brady rules don break, meaning say prosecutors no need to release any other document. Prosecutors don explain say dem no go talk say Tornado Cash need any special financial license, but dem go focus dia case on say Storm know say him dey help transfer bad money. This decision mean say the case remain as e be before July trial. This result get big meaning for crypto regulation, especially for privacy tools and developers responsibility, and crypto traders dey watch am well well as e fit be example for future regulatory actions.
Neutral
Wetin federal judge refuse say make DOJ no release more info, no make regulatory tins clear, and no give relief to Tornado Cash project or other crypto tokens wey relate to am. Since prosecutors no dey add more accusations and court go focus on Storm's real mind, there no immediate thing wey go make Ethereum or tokens wey dey with privacy mixers go up or down well well. Even though wetin go happen for this case dey very important for future regulatory decisions and e fit affect how people feel about privacy projects for long run, the current news just maintain as e dey, so no real market change for short term.