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DOJ Hints No Second Trial for Tornado Cash Co-Founder Roman Storm

Key Takeaways

  • ​DOJ signals Roman Storm will not face a new trial, and focuses instead on intent in crypto cases;
  • Galeotti stressed that writing code without criminal intent is not a punishable offense;
  • DOJ vows not to use indictments to create new rules for the digital asset industry.

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DOJ Hints No Second Trial for Tornado Cash Co-Founder Roman Storm

The Department of Justice (DOJ) has hinted that Tornado Cash co-founder Roman Storm is unlikely to face a second trial on new charges.

Storm was convicted on one felony count in August, but the latest comments from Matthew Galeotti, the acting assistant attorney general in charge of the criminal division, suggested a narrower focus on intent in crypto-related prosecutions.

Speaking at a Wyoming event hosted by the American Innovation Project, Galeotti outlined how the department plans to approach enforcement in the crypto industry. He said the goal was to bring more clarity and predictability to developers and businesses.

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Although he did not mention Storm directly, Galeotti described cases that closely resemble Storm's, including disputes over whether someone’s work amounts to operating an unlicensed money-transmission business. He said:

Innovating new ways for the economy to store and transmit value and create wealth, without ill intent, is not a crime.

Still, he explained that the DOJ will still go after people who break the law or help others commit crimes such as fraud, money laundering, or evading sanctions.

He also noted, "The department will not use federal criminal statutes to fashion a new regulatory regime over the digital asset industry. 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".

Recently, Federal Reserve Governor Christopher Waller spoke about how banks and policymakers should approach crypto-based payments at the conference. What did he say? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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