Tornado Cash indictment fails to show ‘clear violation’ of certain laws: Coin Center


Crypto advocacy group Coin Center has criticized the latest indictment of two former Tornado Cash developers, arguing that the facts offered don’t show any clear violations of money-transmitting-related offenses.

Roman Storm and Roman Semenov were indicted by the United States Office of Foreign Asset Control on Aug. 23 for conspiring to operate an unlicensed money-transmitting business, among other charges.

In a follow-up opinion piece, Coin Center research director Peter Van Valkenburgh argues that the claims in the indictment appear to run counter to guidance from the United States  Financial Crimes Enforcement Network — arguing that Tornado Cash only provides the software to transmit money rather than transmitting the money itself.

“The only thing the indictment claims regarding the defendants’ unlicensed money transmission is…

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