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Paradigm urges the jury to clarify the Tornado Cash case of Roman Storm.
Gate News bot message, the venture capital firm Paradigm has submitted an amicus brief in support of Tornado Cash co-founder Roman Storm, arguing that the jury needs a full understanding of the legal definition of operating a remittance business.
Paradigm argued in a friend of the court brief submitted to the New York district court on June 13 that the court must ensure the jury understands that to convict Storm, the prosecution must prove he knowingly operated the remittance business.
This includes charging fees, knowingly transferring funds on behalf of the public, knowingly handling specific proceeds that are alleged to be criminal, and holding or controlling funds that have been transferred or moved.
A friend of the court brief is submitted by a party that is not directly involved in a court case but is interested in the outcome of the case and wishes to provide suggestions or other viewpoints to the court.
Tornado Cash is a non-custodial cryptocurrency mixing protocol; developers never hold or control the funds. The New York U.S. Attorney's Office argues that Storm conspired to operate the cryptocurrency mixing service as an unlicensed money transfer business.