On May 16, the U.S. prosecutors will continue to bring charges against Tornado Cash co-founder Roman Storm, but decided not to consider some allegations related to operating an unlicensed money transmission business.
According to a court document, the U.S. Attorney's Office for the Southern District of New York stated on Thursday that they will not advance some of the charges against Storm before the trial on July 14, but indicated they plan to proceed with money laundering-related charges, some of which are associated with unlicensed money transmission, and one charge related to conspiracy to violate the International Emergency Economic Powers Act.
The U.S. Department of Justice stated that it plans to investigate cases involving harm to investors or criminal activities using cryptocurrency such as terrorism and hacking. This also means that the Department of Justice will no longer pursue cases involving market intermediaries, but instead target bad actors using the platform.
