JasonCoombs.CEO❤️🤓💰

Crypto is on the verge of accomplishing an unprecedented act of legislative piracy — writing its own legal framework in an otherwise stalled out Congress with sweeping implications for all of American finance. I wrote about the money that brought us here and what it means:

Unfortunately, no. The Clarity Act has been carefully crafted to throw Tornado Cash under the bus. 🚌 Remember the charge was conspiracy. Nobody is saying or ever alleged in any indictment that the Romans ever actually transmitted money without a license, the conviction was conspiracy to do so. The other two counts are money laundering conspiracy and OFAC SDN List sanctions violation conspiracy. Specific intent to conspire to do these things is clearly established by the same evidence used to prosecute these three different conspiracies. The Clarity Act might prevent ONE of the conspiracy cases in the future, it’s not clear to me yet which of the three does fit inside the developer protections of the amended Act. Additionally, under Clarity there appears to be NEW ways to charge Tornado Cash, e.g. on the basis of being a DINO 🦖 because users of the mixer visited the website to do the mixing, and the prosecution alleged the website was a mechanism of centralized control, which proved part of at least two of the charged conspiracies. Clarity Act appears to codify almost all of these prosecution narratives about specific intent and knowing “transfer” and remember the word “transfer” is new to this area of legislation, like “initial person” we have never seen this before so these words do NOT mean the same as similar words found elsewhere in other statutes.