BlockBeats news, on May 16, U.S. prosecutors will continue to bring charges against Tornado Cash co-founder Roman Storm, but have decided not to pursue some allegations regarding operating an unlicensed remittance business.
According to a court document, the U.S. Attorney's Office for the Southern District of New York stated on Thursday that they will not pursue some of Storm's charges before the trial on July 14, but indicated that they plan to pursue charges related to money laundering, some of which are related to unlicensed remittance, along with a charge related to conspiracy to violate the International Emergency Economic Powers Act.
The U.S. Department of Justice stated that it plans to investigate cases involving harm to investors or criminal activities using cryptocurrency for terrorism, hacking, and other offenses. This also means that the Department will no longer pursue cases involving market intermediaries, but will instead investigate bad actors using the platform.