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Home Blockchain

Crypto Firms Slam DOJ Over Tornado Cash Case

Digital Pulse by Digital Pulse
March 27, 2025
in Blockchain
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Crypto Firms Slam DOJ Over Tornado Cash Case
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A gaggle of crypto firms and advocacy teams is urging Congress to evaluate how the Division of Justice (DOJ) is making use of sure legal guidelines in its case in opposition to the builders of Twister Money, a crypto mixing platform.

In a letter despatched on March 26 to key committees within the Senate and Home, 34 organizations raised considerations about what they see as a broad and strange studying of legal guidelines associated to cash transmission.

Led by the DeFi Training Fund and signed by Coinbase

$1.79B

and Kraken

$542.02M

, the group says the DOJ’s method provides confusion and will make “primarily each blockchain developer” susceptible to legal prices.

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The letter explains that two components of US legislation outline what it means to run a “money-transmitting enterprise”. One part, Title 31 part 5330, requires such companies to be licensed. The opposite, Title 18 part 1960, makes it a criminal offense to function one with out a license.

The group argues that the DOJ is ignoring the connection between the 2 sections and as an alternative utilizing a slender studying to construct its case.

In addition they level to a 2019 assertion from the Monetary Crimes Enforcement Community (FinCEN), which stated that software program builders who don’t maintain or handle buyer funds aren’t thought-about cash transmitters. The letter says the DOJ missed this steerage when pursuing the Twister Money case.

The consequence, the group claims, is a state of affairs the place “two separate US authorities businesses” interpret the identical time period in another way. This creates authorized uncertainty and makes it exhausting for builders to know what’s allowed.

On March 23, Paul Grewal, Coinbase’s chief authorized officer, pushed again in opposition to the US Treasury’s determination to take away Twister Money from its sanctions listing. Why? Learn the complete story.

Aaron S. Editor-In-Chief

Having accomplished a Grasp’s diploma in Economics, Politics, and Cultures of the East Asia area, Aaron has written scientific papers analyzing the variations between Western and Collective types of capitalism within the post-World Struggle II period.With near a decade of expertise within the FinTech business, Aaron understands the entire greatest points and struggles that crypto lovers face. He’s a passionate analyst who is anxious with data-driven and fact-based content material, in addition to that which speaks to each Web3 natives and business newcomers.Aaron is the go-to particular person for all the things and something associated to digital currencies. With an enormous ardour for blockchain & Web3 schooling, Aaron strives to remodel the area as we all know it, and make it extra approachable to finish learners.Aaron has been quoted by a number of established retailers, and is a broadcast writer himself. Even throughout his free time, he enjoys researching the market developments, and in search of the following supernova.



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