Tornado Cash Co Creation Case Enters Jury Deliberation Stage, Or Rewrite Developer Legal Liability Limits
On July 31st, according to Cointelegraph, the jury will decide the fate of Roman Storm, co-founder of the cryptocurrency mixing service Tornado Cash, after the prosecution and defense complete their closing arguments on Wednesday. The closing statement is the final stage of the trial, where both the prosecution and defense summarize the case in front of the judge or jury, state their respective positions, and make a final effort to persuade the adjudicator to make a favorable judgment. Storm is currently undergoing trial in the Southern District Federal Court of New York, which could become a legal precedent regarding how much responsibility developers should bear when their decentralized software is illegally used. The US prosecutor accuses Storm of conspiring to launder money, violating US sanctions, and operating an unlicensed remittance business. If convicted, he will face a maximum of 40 years in prison. The judge has issued final instructions to the jury, and the jury has now begun to consider the case.