Tornado Cash Co-Founder Charges Reduced, Is the Justice Department Taking a Softer Approach?

Latest news, the U.S. Department of Justice has significantly reduced the charges against Tornado Cash co-founder Roman Storm! Originally facing multiple charges, he has now been cleared of the 'unlicensed money transfer conspiracy' charge, leaving only money laundering and sanctions violations. This move stems from a memorandum released by the Justice Department in April, which clearly reduces severe penalties against cryptocurrency users.

The Manhattan District Attorney confirmed that Storm still faces money laundering and sanctions violation charges, with a maximum penalty of 20 years, but the 'unlicensed money transfer' charge has been dropped, revealing a shift in the Justice Department's approach to crypto regulation and a tightening attitude.

Storm maintains his innocence, with a court hearing scheduled for mid-July, while another co-founder is currently on the run, hiding in Russia. Meanwhile, several executives in the crypto industry are attempting to dismiss charges based on the Justice Department's memorandum, and the legal storm surrounding digital currencies continues to escalate!