Paradigm’s chief legal officer and general counsel said if Roman Storm is found guilty, it could slow future software development in the crypto and fintech industries.
Venture capital firm Paradigm has filed an amicus brief in support of Tornado Cash co-founder Roman Storm, arguing the jury needs to be properly briefed on the law’s definition of what operating a money-transmitting business involves.
In its amicus brief, filed in a New York District court on June 13, Paradigm argues that the court must ensure the jury understands that for Storm to be found guilty, the prosecution must prove he was knowingly operating a money-transmitting business.
This includes charging fees, knowingly transmitting funds on behalf of the public, knowingly handling the specific proceeds alleged to be criminal, and having custody or control of the funds being transmitted or transferred.
