Tornado Cash developer Roman Storm points out that open-source software developers in the United States are not safe from retroactive prosecution.
Current laws in the United States do not explicitly protect open source software developers and create the risk of retroactive prosecution.Roman Storm, a developer of the Tornado Cash privacy-preserving protocol, asked the open source software community whether they are concerned with being retroactively prosecuted by the US Department of Justice for developing decentralized finance platforms.
DeFi developers: “How can you be so sure you won’t be charged by the DOJ as a money service business for building a non-custodial protocol?” The DOJ could prosecute a case, arguing that any decentralized, non-custodial service should have been developed as a custodial service, as it did in the case against him, Storm added, citing his recent“Our company does not have any ability to affect any change, or take any action, with respect to the Tornado Cash protocol — it is a decentralized software protocol that no one entity or actor can control,” Storm is quoted as saying in the acquittaland failed to come to a unanimous consensus on those counts, finding Storm guilty on just the unlicensed money transmitter charge. “If the Trump administration wants the USA to be the crypto capital of the world, then the DOJ must not be allowed to retry the two deadlocked charges,” Jake Chervinsky, chief legal officer at venture capital firm Variant Fund,Matthew Galeotti, the acting assistant attorney general for the DOJ’s criminal division, signaled in August that the DOJ would not initiate a retrial of Storm and would not prosecute similar cases.“The department will not use indictments as a law-making tool. The department should not leave innovators guessing as to what could lead to criminal prosecution,” he added.Bitcoin price ‘lines up nicely’ for $95K drop next despite bullish RSI data
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Western Alaska storm evacuees take stock of damage, with fate of villages up in the airThat included residents of Kwigillingok, who were boarding military helicopters with the few possessions they could carry.
Read more »
Ethereum-Based Uniswap Adds Solana Support in Win for Tackling DeFi FragmentationThis could simplify the user experience, removing the need to use complex bridges or switch between different wallets and applications.
Read more »
Skeletons found in well identified as Roman soldiers killed 1,700 years agoThe skeletal remains were found during a dig at the Roman city of Mursa, located in modern-day Croatia.
Read more »
Did an Alaska volcano eruption trigger the rise of the Roman Empire?Two thousand years ago, Alaska’s Mount Okmok volcano spewed ash high into the atmosphere for months. Scientists believe it had major repercussions half a world away.
Read more »
Tennessee Volunteers Host Highly-Rated Linebacker Roman JenningsThe Tennessee Volunteers hosted linebacker Roman Jennings, a 2027 prospect, at their game against the Arkansas Razorbacks. Jennings, a lifelong Vols fan, was impressed by the visit, the coaching staff, and the atmosphere at Neyland Stadium, putting Tennessee high on his list.
Read more »
Babylon claims breakthrough in using native Bitcoin collateral in DeFi: Finance RedefinedBabylon’s vault system lets BTC serve as Ethereum loan collateral without bridges, while BNB Chain and Hyperliquid hit key milestones.
Read more »