According to Odaily, Paradigm has submitted an amicus brief to a New York court in support of Tornado Cash co-founder Roman Storm. The brief urges the jury to accurately interpret the legal definition of 'money transmission business.' Paradigm emphasizes that Storm, as a software developer, did not control user funds, arguing that the prosecution's charges contradict existing laws and FinCEN guidelines. The firm warns that a conviction could have a chilling effect on the development of cryptocurrency, AI, and open-source software.

#AI