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Leaders in the encryption industry urge the White House to withdraw charges against the founder of Tornado Cash.
Multiple leaders in the encryption industry have written to the White House, calling for the withdrawal of criminal charges against Tornado Cash co-founder Roman Storm, stating that the charges are “illegal” and noting that Storm has no control over the usage of Tornado Cash. The letter is led by the DeFi Education Fund and signed by executives from venture capital firms Paradigm, Multicoin Capital, and 6th Man Ventures. Previously, the U.S. Department of Justice issued a memo suggesting a lenient approach towards developers of encryption tools, but prosecutors insisted on proceeding with the case. Storm’s trial is set to take place in July in Manhattan. (DL News)