According to the Department of Justice, the answer is yes. The Tornado Cash developers didn’t just build an open-source piece of software; they developed an actual business facilitating transactions that the federal government deemed illegal, the DOJ said in both an indictment last year and a filing last Friday. Tornado Cash isn’t just a set of smart contracts released into the world; it’s an entire ecosystem of smart contracts, a front end, a user interface and experience, and so much more. In pursuing this argument, the DOJ is also raising new questions about the activities an entity might engage in to be deemed a money transmitter.
‘Crypto Dad’ denies interest in becoming the next SEC chair
Giancarlo said he’s not interested in any crypto role in the US Treasury Speculation has grown over who will replace...
