Close Menu
Crypto News InsidersCrypto News Insiders
  • News
  • Videos
  • Learn
  • Bitcoin
  • Altcoin
  • Ethereum
  • Stablecoins
  • Blockchain
  • NFTs
  • Markets
  • Politics
  • DeFi
  • ETF
  • Insights
  • Web3
Trending

XRP Lawsuit Update: Lawyer Indicates SEC Appeal Dismissal May Take Weeks or Longer

36 mins ago

What Is a Solana Staking ETF and How Does It Operate?

38 mins ago

“Chaos Unfolds in Crypto: Ethereum and Altcoins Set to Create MILLIONAIRES” – Tom Lee

40 mins ago

Over 200-Year-Old German Public Savings Bank Network Set to Offer Bitcoin Trading, According to Reports

41 mins ago

Dogecoin Drops 14% in June, Resulting in $132 Million in Unrealized Losses – What’s Next?

41 mins ago
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
Crypto News InsidersCrypto News Insiders
Login
Live Markets
  • News
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoin
    • Stablecoins
  • Blockchain
  • Insights
  • NFTs
  • Markets
  • Politics
  • DeFi
  • Learn
  • Videos
  • More
    • Web3
    • ETF
Newsletter
Crypto News InsidersCrypto News Insiders
Home»DeFi
DeFi

US Judge Decides Software Code is Not Considered Free Speech in Tornado Cash Case

News RoomBy News Room9 months ago0 ViewsNo Comments2 Mins Read
Facebook Twitter Pinterest Telegram Email Tumblr Reddit LinkedIn

A recent ruling by a US judge in the Southern District of New York has determined that software code used in crypto protocols like Tornado Cash does not qualify for First Amendment protection. The decision, delivered by Judge Katherine Polk Failla on Sept. 26, also sets a precedent for treating crypto protocols as money transmitters, even when developers do not control the funds being transmitted. The ruling has significant implications for the crypto industry, particularly for developer Roman Storm, who faces charges of money laundering, operating an unlicensed money-transmitting business, and evading US sanctions.

The judge’s ruling has broad implications for the ongoing legal battles involving crypto protocols like Tornado Cash and Samourai Wallet. The court agreed with US prosecutors that businesses like Tornado Cash and Samourai Wallet meet the criteria for money transmission, even without directly controlling the funds in question. Storm’s trial is set to begin on Dec. 2, and his legal team plans to appeal the decision. The outcome of this case could have a far-reaching impact on the accountability of blockchain technology developers under US law.

The decision has faced criticism from the crypto industry and beyond, with many expressing disappointment and concern about the potential expansion of developer liability. DeFi Education Fund chief legal officer Amanda Tuminelli stated that the consequences of the trial could be life-changing for Storm and other software developers in various industries. Variant chief legal officer Jake Chervinsky called the ruling a troubling precedent for software developers and an assault on their freedom. Despite these criticisms, the ruling clarifies the issue of whether crypto businesses can claim immunity from BSA requirements if they do not control the funds they help transmit.

The court’s decision addresses the broader crypto industry as regulators and legislators navigate how to apply existing financial laws to rapidly evolving technologies. Appeals are expected in this case, and further legal clarification may come as the proceedings continue. The ruling has sparked debate within the industry about the balance between regulatory compliance and innovation in the development of blockchain technology. Developers and industry stakeholders will be closely following the outcome of Storm’s trial and its implications for future legal challenges in the crypto space.

Demo
Share. Facebook Twitter Pinterest LinkedIn Email Telegram WhatsApp

Related News

SEC Crypto Roundtable: Paul Atkins Expresses Support for Crypto Custody and DeFi Initiatives

DeFi 2 days ago

Near Protocol Community Unites to Support Token Inflation Reduction

DeFi 6 days ago

Bybit Introduces Solana On-Chain CeDeFi App Byreal as DEX Volume Soars 16%

DeFi 2 weeks ago

World Liberty Financial Secures $7.5 Million USDT Loan from Aave – Onchain Lens

DeFi 3 weeks ago

Song A Day Creator Shares ‘Tax Nightmare’ After Earning Millions from NFT Sale

DeFi 3 weeks ago

Micro-Cap Quantum Resistance Ledger’s QRL Token Surges 33% Amid Quantum Security Concerns for Crypto

DeFi 4 weeks ago

Binance’s Changpeng Zhao (CZ) Proposes “Dark Pool” DEX for Cryptocurrency Futures: Here’s Why

DeFi 4 weeks ago

Understanding Bitcoin Yield: Staking, Liquid Staking Tokens, and Vault Strategies

DeFi 1 month ago

TRON DAO Chooses Chainlink Data Feeds as Official Oracle Solution, Safeguarding Over $5.5 Billion in DeFi Total Value Locked (TVL)

DeFi 2 months ago
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

What Is a Solana Staking ETF and How Does It Operate?

38 mins ago

“Chaos Unfolds in Crypto: Ethereum and Altcoins Set to Create MILLIONAIRES” – Tom Lee

40 mins ago

Over 200-Year-Old German Public Savings Bank Network Set to Offer Bitcoin Trading, According to Reports

41 mins ago

Dogecoin Drops 14% in June, Resulting in $132 Million in Unrealized Losses – What’s Next?

41 mins ago

Bitcoin Supply Squeeze on the Horizon (Here’s Why)!! Today’s News on Bitcoin, Ethereum, Solana, XRP, and Chainlink

58 mins ago

Latest News

Crypto Market Wobbles as Elon Musk Faces Off Against Donald Trump 2.0

2 hours ago

Robinhood and Kraken-Backed Global Dollar (USDG) Launches in Europe

2 hours ago

Can BSC’s Maxwell Upgrade Challenge Ethereum’s DeFi Dominance?

2 hours ago

Subscribe to News

Get the latest crypto news and updates directly to your inbox.

Advertisement
Demo
Facebook X (Twitter) Pinterest TikTok Instagram
2025 © Crypto News Insiders. All Right Reserved.
  • Privacy Policy
  • Terms
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.

Sign In or Register

Welcome Back!

Login to your account below.

Lost password?