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Which regulatory body will propose new legislation following Tornado Cash trial by June 30, 2025?
3
Resolution / Starting Odds
SEC • 25%
CFTC • 25%
FINCEN • 25%
Other • 25%
Official announcements from regulatory bodies or legislative proposals
Story
Judge Denies Motion to Dismiss in Tornado Cash Money Laundering Case, Roman Storm to Face Trial in December
Sep 26, 2024, 09:10 PM
Judge Katherine Polk Failla of the Southern District of New York has denied the motion to dismiss the indictment against Roman Storm, a developer of Tornado Cash, in a significant ruling for the U.S. Department of Justice. The case, which involves allegations of money laundering, will proceed to trial in December. This decision, announced at 4:30PM ET, is expected to have considerable implications for the cryptocurrency industry, open source developers, and internet freedom. The ruling emphasizes the application of money laundering laws to blockchain-based finance.
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Stricter regulations • 33%
Fines imposed • 33%
No action • 33%
Treasury appeals ruling • 25%
Congress passes new legislation • 25%
New sanctions imposed • 25%
No significant developments • 25%
New cryptocurrency regulations • 25%
Amendments to IEEPA • 25%
No legislative response • 25%
Other legislative action • 25%
Appeal the ruling • 25%
Modify sanctions policy • 25%
No action taken • 25%
Other actions • 25%
U.S. Treasury appeals to Supreme Court • 25%
New legislation introduced • 25%
No further legal action • 25%
Other legal developments • 25%
Coinbase • 25%
Binance • 25%
Kraken • 25%
Other • 25%
Ethereum • 25%
Bitcoin • 25%
Binance Smart Chain • 25%
Other platforms • 25%
New investigation • 25%
New lawsuit • 25%
New regulations • 25%
No major action • 25%
Strengthen defense cases • 25%
Weaken defense cases • 25%
No impact • 25%
Other influences • 25%