Virtual Asset Companies Urge White House to Drop Tornado Cash Criminal Case

Source
JH Kim

Summary

  • Virtual asset companies have officially requested the White House to drop the Tornado Cash criminal case.
  • They cited the Department of Justice's stance on virtual asset mixers and argued for the dismissal of charges against Tornado Cash developer Roman Storm.
  • This movement was led by the DeFi Education Fund, with multiple companies signing jointly.

It has been revealed that numerous virtual asset (cryptocurrency) companies and foundations have sent a letter to David Sacks, the Trump administration's crypto czar, urging the withdrawal of the Tornado Cash criminal case.

According to DL News, a virtual asset-focused media outlet, on the 28th (local time), they mentioned the Department of Justice's stance in April not to hold developers of virtual asset mixers and wallets used in crimes legally accountable, and argued that the criminal charges against Tornado Cash founder and developer Roman Storm should be dropped.

The letter was led by the DeFi Education Fund, with joint signatures from Paradigm, Multicoin Capital, and 6th Man Ventures. The trial for Roman Storm is scheduled to begin in July in New York.

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JH Kim

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