In the ongoing case of Roman Storm, one of the founders of Tornado Cash, it was learned that the US Department of Justice (Doj) made a new assessment. US officials, Dragonfly, which makes significant investments in the crypto currency market, said that some of the managers of the company to examine their responsibility in the case. This development is carefully monitored in crypto markets.
Dragonfly and Tornado Cash relationship
Dragonfly settled at the focus of the investigation in 2020 because it invested in the Tornado Cash platform. Doj, Dragonfly executives by evaluating the connection with the platform to play a possible role in investigating whether it is said. The content and scope of the investment has not yet been transferred to the public in detail.
Experts point out whether this bond will lead to direct accusations between institutions. According to some analysts, whether the investment relationship will be a crime will emerge as a result of legal investigations. The process is closely monitored due to the absence of a final accusation for the time being. Crypto investors’ application – the reason will surprise you!
Legal dimension and explanations of the process
Tornado Cash case was reported in a completely transparent way. It is predicted that the possible moves of Doj will be effective in determining the current and future responsibilities of crypto companies. The Dragonfly side did not make an official statement.
Authorities from the Ministry of Justice, “Corporate relations to examine all parties to provide a fair evaluation,” he said.
In the judicial process, the adaptation of investment funds to regulations and their relations with platforms are also under the lens. It is said that such cases can have legal and financial effects on crypto ecosystem. In addition, other companies and individuals investing in the platform can be examined.
As a result of the case, Dragonfly and similar crypto investment companies will have to be more careful and transparent when investing in projects. The actors in the sector need to inference from such cases and think better what they do when investing in structures such as crypto mixer.
In the past, there are examples in similar cases that regulatory institutions evaluate investors within the scope of responsibility. However, the courts will make the final decision because each case has its own conditions. For now, a new decision associated with Tornado Cash has not been taken.
The Roman Storm case and the possible new investigation of Doj show once again that crypto investors and platform executives should act in accordance with the legal framework in their activities. It is thought that such cases can play an important role in establishing standards in the sector. New explanations and official decisions seem to directly affect the course of the process.
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.
