The post Justice for Roman Storm? – Why DoJ’s new stance reignited debate appeared on BitcoinEthereumNews.com. Key Takeaways The crypto community now wants the Roman Storm charges dropped after the latest DoJ remarks. Will the government fail to defend its verdict in the appeal?  The U.S. government will no longer charge decentralized software (DeFi) developers for crimes committed by third parties on the platforms.  During a recent American Innovation Project Summit in Wyoming, Mathew Galeotti, acting head of the Department of Justice’s (DoJ) criminal division, clarified that,  “Generally, developers of neutral tools, with no criminal intent, should not be held responsible for someone else’s misuse of those tools. If a third-party’s misuse violates criminal law, that third-party should be prosecuted — not the well-intentioned developer.” Crypto legal experts split However, crypto leaders and legal experts were quick to point out that the remark was the very premise under which Roman Storm, founder of crypto mixer Tornado Cash, was charged.  Storm was found guilty under the U.S. Code 1960(b)(1)(c), which bans unlicensed money transmitters from handling funds from crime or intended for illegal activities.  However, in the latest guidance, Galeotti highlighted that they won’t approve such charges against developers, especially for fully decentralized protocols.  “Where the evidence shows that software is truly decentralized and solely automates peer-to-peer transactions, and where a third party does not have custody and control over user assets, new 1960(b)(1)(C) charges against the third-party will not be approved.” So, where does that leave Roman Storm, who’s facing up to 5 years in jail? Well, that was a question posed by top crypto legal experts.  For his part, Jake Chervinsky, legal chief at crypto VC Variant Fund, stated that the case against Storm should be dropped if based on the latest DoJ stance.  “Roman Storm was just convicted on this exact charge under this exact circumstance. Justice for Roman means dropping the case.” Source:… The post Justice for Roman Storm? – Why DoJ’s new stance reignited debate appeared on BitcoinEthereumNews.com. Key Takeaways The crypto community now wants the Roman Storm charges dropped after the latest DoJ remarks. Will the government fail to defend its verdict in the appeal?  The U.S. government will no longer charge decentralized software (DeFi) developers for crimes committed by third parties on the platforms.  During a recent American Innovation Project Summit in Wyoming, Mathew Galeotti, acting head of the Department of Justice’s (DoJ) criminal division, clarified that,  “Generally, developers of neutral tools, with no criminal intent, should not be held responsible for someone else’s misuse of those tools. If a third-party’s misuse violates criminal law, that third-party should be prosecuted — not the well-intentioned developer.” Crypto legal experts split However, crypto leaders and legal experts were quick to point out that the remark was the very premise under which Roman Storm, founder of crypto mixer Tornado Cash, was charged.  Storm was found guilty under the U.S. Code 1960(b)(1)(c), which bans unlicensed money transmitters from handling funds from crime or intended for illegal activities.  However, in the latest guidance, Galeotti highlighted that they won’t approve such charges against developers, especially for fully decentralized protocols.  “Where the evidence shows that software is truly decentralized and solely automates peer-to-peer transactions, and where a third party does not have custody and control over user assets, new 1960(b)(1)(C) charges against the third-party will not be approved.” So, where does that leave Roman Storm, who’s facing up to 5 years in jail? Well, that was a question posed by top crypto legal experts.  For his part, Jake Chervinsky, legal chief at crypto VC Variant Fund, stated that the case against Storm should be dropped if based on the latest DoJ stance.  “Roman Storm was just convicted on this exact charge under this exact circumstance. Justice for Roman means dropping the case.” Source:…

                                                                               Powell said the Federal Open Market Committee is weighing interest rates on a meeting-by-meeting basis, with no long-term consensus.                     US Federal Reserve Chair Jerome Powell said the 19 members of the Federal Open Market Committee (FOMC) remain divided on additional interest rate cuts in 2025.At Wednesday’s press conference after the Fed’s 25-basis-point rate cut, Powell said the central bank is trying to balance its dual mandate of maximum employment and price stability in an unusual environment where the labor market is weakening even as inflation remains elevated. Powell said:Powell said that the “median” FOMC projection from the Federal Reserve’s Summary of Economic Projections (SEP), the Fed’s quarterly outlook for the US economy that informs interest rate decisions, projected interest rates at 3.6% at the end of 2025, 3.4% by the end of 2026, and 3.1% at the end of 2027.Read more