Now in Crypto, Tornado Cash Co-Founder Roman Storm asked a US judge to delete his convincing, focusing that prosecutors failed to prove his desire to help the evil actor, the White House pulled supporting Brian Quintenz to lead the US Commodity Futures Trading Commission (CFTC), is congratulating a plan to allow stock trading to blockchain rails.
The Roman Storm is looking for a displacement of Tornado Cash Money Transmission Charge
Roman Storm, co-founder of Tornado Cash, has asked a US federal judge to get him In his single belief for unlicensed money delivery and the jury’s hangings for money violations and penalty violations, the argument of prosecutors failed to prove that he had intended to help evil actors wrongly use the crypto mixer.
According to legal documents filed on September 30 in the US District Court for the Southern District of New York and reviewed by Cointelegraph, the Storm dispute argued prosecutors Tornado Cash. This, according to the defense, will dismiss the grounds for his conviction based on negligent inaction.
“The storm and the bad actor are a claim that he knows that they are using a tornado of cash and failed to take enough steps to stop them. It is a theory of neglect,” the states of motion.
The defense further claims that “lacking proven evidence that Mr. Storm has acted with the intent to help evil actors,” the government attempted to address its burden by claiming that the defendant failed to avoid misuse. “It is a claim that is antithetic to standard factors and is not supported by law,” the motion said.
A motion for Disclaimer The judge is asked to dispose of charges or a verdict because the evidence of persecution, though taken as true, is legal.
White House has removed Brian Quintenz as CFTC nominee
The White House Brian Quintenz’s nomination removed to lead The Commodity Futures Trading Commission on Tuesday, with Quintenz telling Cointelegraph that he would return to the private sector.
“The nominated to lead to the CFTC and go through the confirmation process is the honor of my life,” Quintenz told Cointelegraph, who confirmed earlier reports that his nomination was obtained.
“I am grateful to the President for that opportunity and the Senate Agriculture Committee for its consideration. I hope to return to my private sector striving for this exciting time for change in our country,” he added.
Quintenz is a former CFTC commissioner and head of crypto policy at A16Z. He is widely supported by the crypto industry, but his nomination faces delays in Congress and reports Pushback from Crypto Exchange Gemini co-founders Tyler and Cameron Winklevoss.
The CFTC is set to be a major regulatory agency for the crypto under the Trump administration, but there is no seat for almost a year and is led only by the acting seat Caroline Pham.
SEC plan has a weight plan to allow blockchain-based stock trading in the middle of Crypto Push: Report
The US Securities and Exchange Commission (SEC) has been reported to form a plan To allow versions of the registered blockchain to trade with cryptocurrency exchanges-a move to mark a significant step toward integrating digital asset technology into the traditional financial system.
The proposal, which is still in the early stages, will allow investors to buy and sell stock tokens – Digital representations of shares with companies that have been publicly exchanged – on approved crypto platforms, information reported Tuesday, people are mentioned familiar with this.
The initiative reflects the growing openness of tokenization regulation, the process of creating blockchain-based tokens that mirrors the ownership of traditional properties.
SEC Chair Paul Atkins recently described Tokenization as a “change” the agency should seek to move forward, not tighten. Regulators should “be focused on how we promote a market change,” he said, noting that tokenized properties can improve access to financial markets and reduce costs.
Interest in stock tokenization has accelerated in recent months. Platforms such as robinhood and Kraken began to offer tokenized stock products. At the same time, NASDAQ has requested the SEC approved For a change in the rule that will allow it to list the tokenized securities in its exchange.
Crypto Exchange Coinbase also reported looking for the SEC approved to offer tokenized equities.
