The Justice Department will proceed to trial in a money laundering case against a founder of the Tornado Cash crypto-mixing service, saying prosecution aligns with the narrowed enforcement priorities of the Trump administration.
A DOJ review found “this prosecution is consistent with the letter and spirit” of an April 7 memo from Deputy Attorney General Todd Blanche limiting the kinds of cryptocurrency crimes it will investigate and prosecute, prosecutors in the Southern District of New York said Thursday.
Authorities allege Roman Storm helped launder more than $1 billion, including for a sanctioned North Korean cybercrime organization.
Trial is set for ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.