The US Department of Justice is considering charging DragonFly employees in the Tornado Cash case.
BlockBeats News, July 25th, according to crypto journalist Eleanor Terrett, Tornado Cash co-founder and developer Roman Storm's latest trial update, Assistant Prosecutor Rehn revealed that the U.S. Department of Justice (DOJ) apparently is still considering bringing charges against an unspecified number of DragonFly's employees, not just limited to DragonFly's General Partner Tom Schmidt.
Dragonfly is the venture capital firm behind Tornado Cash, and yesterday in court, emails between Roman Storm and Dragonfly's General Partner Tom Schmidt were presented, including one email showing Storm and his team seeking feedback on adding KYC to the platform. The defense had sought Schmidt to testify, but he invoked the Fifth Amendment right through his lawyer (right to refuse to testify). The trial will continue next week, with more information expected at that time, and closing arguments are also expected to take place next week.
You may also like

Morning Report | Illinois signs the strictest digital asset tax law in the U.S.; RWA tokenization market size surpasses $43 billion, institutions accelerate the migration of on-chain assets

Full version of the debut Q&A! Federal Reserve Chairman Waller: Sticking to the 2% inflation target, establishing five special working groups, individual did not submit the dot plot

From Disruptor to Shadow Market: The Crypto Market is Becoming a Colony of Traditional Finance

Dalio's important long article: How to position in the current market environment?

OKX Star analyzes Binance's competitive advantages: when regulation levels the playing field, competition has just begun

New gameplay for participating in initial offerings on cryptocurrency exchanges

Why Is Bitcoin Down Today? What the Hawkish FOMC Means for SpaceX, Gold and Nasdaq

DeepSeek Financing Story

Morning Report | DeepSeek completes over $7 billion in financing, with a valuation exceeding $50 billion; Musk's personal wealth has surpassed the total market value of Bitcoin

Cursor, why did you get on Musk's spaceship?

In the name of charity, for the benefit of the family: How the Trump family turned charity into profit?

Will Gold Break $4,500 After Tonight's Fed Decision? What XAUT and PAXG Traders Need to Know

SharpLink CEO: How to understand that Ethereum developers have just surpassed 1 million?

Morning Report | MiCA grace period expires on July 1; Kalshi's trading volume in the first week of the World Cup breaks $5.1 billion, setting a record

The foundation of SpaceX's trillion-dollar valuation: Who is dividing Musk's annual capital expenditure of tens of billions?

How to exit after asset tokenization?

The stablecoin positioning battle escalates: When compliance is just a ticket to entry, will USD1 become the biggest winner?

