Paradigm submitted an amicus brief to the court for Tornado Cash co-founder.

Gate News bot message, investment firm Paradigm has submitted an amicus brief to the New York court in support of Tornado Cash co-founder Roman Storm’s case.

The opinion letter focuses on the legal definition of “funds transmission business.” Paradigm points out in the document that Storm, as a software developer, does not directly control user funds, and the prosecution’s allegations conflict with current laws and FinCEN guidelines.

At the same time, Paradigm elaborated on the consequences of Storm’s conviction in the opinion letter, pointing out that this ruling will have widespread effects on the development of cryptocurrency, artificial intelligence, and open-source software.

Source: Cointelegraph