Dream Chaser ⚡️🐆's avatar
Dream Chaser ⚡️🐆 dreamchaser@nostrcheck.me 2 years ago
JUST IN: The US’ response to the defense's motion for dismissal in the Tornado Cash case is out. It argues that a company doesn't need to "control" funds to be considered a money transmitter business. This development could have significant ramifications for the Samourai case. image

Replies (7)

zyrotin's avatar
zyrotin zyrotin@mockingyou.com 2 years ago
correct me if I'm wrong here, but by that logic wouldn't every internet provider in the world be a money transmitter business? Cloudflare would arguably be the largest money transmitter business in the world.
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Mr Example 2 years ago
Basically, the legislation is so vague, LEO can point to any transaction of any type, and claim it's illegal under the act. And they'd be technically correct. To beat such a charge, you'll need very expensive lawyers, and political support. This way, people with power are exempt from the law, but you and I are buggered.
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