Paradigm Backs Roman Storm in Legal Battle Over Crypto Mixer
Paradigm, a crypto investment firm, supports Roman Storm, a co-founder of Tornado Cash, in a court case. Paradigm filed a document in the New York district court on June 13, saying the jury needs to understand what the law says about being a “money transmitter.”
Tornado Cash is a tool that mixes cryptocurrency to make transactions private, but the US government says that Tornado Cash has broken the law by running it without a license.
As per the reports, the firm has argued that the government must prove Storm knowingly ran a business that charged fees, dealt with illegal money, and controlled the funds, but Tornado Cash doesn’t work that way; its developers don’t hold or control the money. Paradigm’s legal team, Katie Biber…
