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Tornado Cash Co-founder Lawsuit Enters Jury Deliberation Phase, Could Redefine Developer Legal Liability
BlockBeats News, July 31st, according to Cointelegraph, after the prosecution and defense completed their closing arguments on Wednesday, the jury will decide the fate of Roman Storm, co-founder of the cryptocurrency mixing service Tornado Cash.
Closing arguments are the final stage of a trial, where both parties summarize the case in front of a judge or jury, present their positions, and make a final effort to persuade the decision-maker to rule in their favor.
Storm is currently on trial in the Southern District of New York federal court, and this case could become a legal precedent on how much responsibility developers should bear when their created decentralized software is illegally used.
The U.S. prosecution has charged Storm with conspiracy to launder money, violate U.S. sanctions, and operate an unlicensed money transmitting business. If convicted, he could face up to 40 years in prison. The judge has issued final instructions to the jury, which has now begun deliberating on the case.
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