crypto analysis
08/07 15:17
the DoJ shouldn’t have brought the unlicensed money transmitter charges under Section 1960, because Storm didn’t control user funds, noted Chervinsky.
“Section 1960 should not apply to the developer of a non-custodial protocol who lacks control of user funds. This case should go up on appeal.”
He called the verdict a terrible outcome for Storm and the crypto industry and urged President Donald Trump to block the Department of Justice from retrying the two unresolved charges.
Coin Center, a crypto advocacy group, also urged Roman to appeal the ruling, adding that it will support him.
Another advocacy group, DeFi Education Fund, echoed a similar stance, stating that,
“We are disappointed that the jury did not recognize that Storm should not be responsible for the actions of third parties he could not control.”
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