• 34ºc, Sunny

Paradigm calls on jury to rule cautiously in Tornado Cash case

According to Cointelegraph, Paradigm filed an amicus curiae opinion in a New York court in support of Tornado Cash co-founder Roman Storm, calling on the jury to accurately understand the legal definition of "money transfer business". Paradigm emphasizes that Storm, as a software developer, does not control user funds, and prosecutors allege that it violates current laws and FinCEN guidelines. Paradigm warns that if Storm is convicted, it could have a chilling effect on encryption, AI, and open-source software development.