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prestonvanloon.eth
Ethereum Core Dev @prylabs/@offchainlabs 🦇🔊
prestonvanloon.eth kirjasi uudelleen
It's not every day you can tell an Ethereum core developer that you almost cut your thumb off slicing an onion - I also told him to use AI to trace his Dutch heritage
As Ethereum celebrates 10 years of uptime, Preston Van Loon dropped by the Stonks Go Moon Podcast to talk about the vision (past, present, and future) as well as institutional adoption of Ethereum
Watch out for him in a future episode
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I speak to multimillion-dollar startup founders and the biggest and brightest in tech and finance every week on the SGM Podcast
@preston_vanloon

592
I stand with @rstormsf, @semenov_roman_, and @alex_pertsev.
Writing open source code is not a crime.
Online financial privacy is not a crime.
Creating permissionless software is not a crime.


DeFi Education Fund7.8. klo 01.02
Today, a jury in Manhattan issued a partial verdict in Roman Storm’s case: they convicted him on count 2, conspiracy to violate Section 1960, and did not reach a verdict for counts 1 and 3, conspiracy to launder money and violate sanctions.
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. While it is understandable that the jury could not reach a decision on all the charges — as the government made many mistakes throughout and their case was not compelling — we hoped for a different outcome for Storm.
The government’s case targeting a software developer should have never been brought in the first place and remains fundamentally flawed: Tornado Cash is non-custodial software through which people engage in self-directed, p2p transactions.
Even the government acknowledges that Tornado Cash developers did not and could not exercise control or custody over user assets.
We will continue to support Storm as he appeals the verdict on Section 1960. At the DeFi Education Fund, we will always advocate for DeFi software developers’ fundamental rights, as we fervently believe software developers deserve the freedom to build decentralized financial tools and infrastructure, including privacy-preserving technology.
35,49K
prestonvanloon.eth kirjasi uudelleen
It's great that the jury did not convict Roman on money laundering or sanctions. Those were the most serious charges and the government failed to prove its case.
DOJ should walk away from those charges and dismiss the Section 1960 charge, which it got wrong on the law all along.
8,42K
prestonvanloon.eth kirjasi uudelleen
I'm pretty bullish for Storm tbh, although the clear win we could have had wasn't delivered today, it will come later (appeal, political pressure, etc).
This wasn't the end game, just the middlegame in which he is well positioned
That should be our understanding
4,2K
prestonvanloon.eth kirjasi uudelleen
This is the charge he was found guilty on:
18 U.S. Code § 1960 - Prohibition of unlicensed money transmitting businesses
(a) Whoever knowingly conducts, controls, manages, supervises, directs, or owns all or part of an unlicensed money transmitting business, shall be fined in accordance with this title or imprisoned not more than 5 years, or both.
(1) the term “unlicensed money transmitting business” means a money transmitting business which affects interstate or foreign commerce in any manner or degree and—
(C) otherwise involves the transportation or transmission of funds that are known to the defendant to have been derived from a criminal offense or are intended to be used to promote or support unlawful activity;
41,99K
This is a dark day for crypto and @rstormsf.
The jury has found him guilty of conspiracy to operate an unlicensed money transmission business. The jury was deadlocked on the other counts.
I don't even know what to say right now.

Frank Corva7.8. klo 00.37
Roman Storm has been found guilty of count 2, conspiracy to operate an unlicensed money transmission business.
The jury was not unanimous on the other two counts.
50,69K
Jury is writing out their verdict right now. It should come back to the court any moment now

Inner City Press6.8. klo 23.22
Deputy: All rise! Jury entering!
[Jurors file in]
Judge Failla: From your notes, I understand you have a unanimous verdict to one or more counts. You may return that and continue, or waiting until all are concluded. Or 3, return and say you are deadlocked on rest
23,26K
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