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:…

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more