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Today in crypto, Tornado Cash co-founder Roman Storm has asked a US judge to dismiss his conviction, arguing that prosecutors failed to prove his intent to assist bad actors, the White House pulled its backing of Brian Quintenz to lead the US Commodity Futures Trading Commission (CFTC), and the Securities and Exchange Commission (SEC) is weighing a plan to permit stock trading on blockchain rails.
Roman Storm, co-founder of Tornado Cash, has asked a US federal judge to acquit him of his sole conviction for unlicensed money transmission and the jury’s hung counts for money laundering and sanctions violations, arguing prosecutors failed to prove he intended to help bad actors misuse the crypto mixer.
According to legal documents filed on Sept. 30 to the US District Court for the Southern District of New York and reviewed by Cointelegraph, Storm’s defense argued prosecutors failed to prove he intended to help bad actors use Tornado Cash. This, according to the defense, would nullify the grounds for his conviction based on negligent inaction.
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