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08/07 15:17

the DoJ shouldn’t have brought the unlicensed mone

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.”1000163290


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