The US Treasury Department of Treasury withdrew the appeal on the relevant case after abolishing sanctions against Tornado Cash almost five months ago. This development led to the official closure of the long -standing case for Tornado Cash. However, the legal process of Roman Storm, one of the lock developers of the crypto mixer service, continues.
Tornado case is over
The US Treasury Ministry ended its sanctions against Tornado Cash, which operates in the field of crypto currency, last year. As the reason for these sanctions, measures taken to prevent money laundering were shown. Finally, the Ministry of Treasury gave up the exercise of the right to appeal in the case with Coin Center. Thus, the institution officially ended the legal struggle against Tornado Cash.
Developments on the subject were evaluated in different ways in the crypto currency community. Experts say that the abandonment of the case and the abolition of sanctions can lead to important results in terms of regulations in the crypto sector.
Coin Center: “The withdrawal of the Tornado Cash case is a pleasing development in terms of the legal security of open source developers.”
Torn Coin price after the news of more than 20 %increased to $ 11.5, but returned to $ 9.4 in the midst of tariffs.
Roman Storm case
Roman Storm, one of the most important developers of Tornado Cash, is still in progress. Currently, while the US authorities claims about Storm, Storm continues to defend his legal rights in this regard. According to the official sources, no decision has been made in Storm’s case.
Roman Storm’s legal struggle may not only remain an individual process, but also an example for similar cases that open source area and crypto software developers may face. Sector representatives say that the end of such cases is important for software developers.
General Reviews of the sector and possible results
Representatives of the crypto currency sector think that these developments during the Tornado Cash case may lead to some changes in regulation practices in the long run. Experts closely followed this process in terms of monitoring the effects of laws and sanctions on the crypto sector.
We will see that the decisions taken by the US Treasury Ministry of Treasury for the functioning of such platforms directly affect the practices and projects in the sector. The developers who could only be tried for contributing to the development of open source software were concerned about the process that started during the Biden period. Now, although the process on the platform is punctuated, the open source developer Roman will have significant consequences whether or not.
It is frequently expressed by experts that the effects of these legal developments on the crypto currency sector may emerge more clearly over time. It is also emphasized that the forms of application of legal processes and regulations may change with new decisions. Following the closure of the Tornado Cash case, industry players plan to follow a more careful roadmap for both legal risks and compliance with regulations. Software developers operating in the field of crypto may be advised to closely follow the possible legal risks and legal regulations they will face in the future.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
