The trial will determine if Storm intended for Tornado Cash to facilitate illicit activities, whether he was aware of its use for money laundering, and if he breached legal obligations by not acting. The defense argues the developers did not intend for their software to be misused, while prosecutors claim it operated like a business requiring user identification for compliance. Conflicting views will arise over the software's structure, interpreting money transmission laws, and implications for decentralized finance yielding far-reaching consequences in the crypto space.
A guilty verdict for Storm could have severe repercussions for decentralized finance, adversely impacting the development of peer-to-peer financial services that operate independently of traditional banking.
Prosecutors argue that Tornado Cash was run like a for-profit business and that Storm, as its head, should have collected user identifying information to prevent laundering.
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