CandleFocus Tornado Cash co-founder Roman Storm wants charges dismissed – OFAC ‘overstepped’
2024-12-20
Author: Content Editor
Roman Storm, the co-founder of Tornado Cash, is seeking to have his criminal charges dropped after an appeals court ruled that the platform's smart contracts should not have been punished by the US Treasury's Office of Foreign Assets Control (OFAC). The court's decision has had a positive effect on privacy tokens, leading to a bullish rally in the market. Six plaintiffs have been arguing the case against Tornado Cash's punishment, and the court ruled that OFAC erred in sanctioning the platform. Supporters of privacy in the crypto industry have hailed the ruling as a game-changer for blockchain technology. The price of Tornado Cash has experienced volatility, declining from $19 to $9.
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