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BlockProf
Prof of Forensic Accounting & Corporate/Securities/Banking Law, Expert Witness, Crypto Policy Ninja
Jay Clayton is U-N-C-O-N-F-I-R-M-A-B-L-E
7.8. klo 05.02
🚨NEW: SDNY Acting U.S. Attorney (and former @SECGov Chair) Jay Clayton issued a statement following Roman Storm’s conviction, praising the prosecution team after securing a guilty verdict for operating an unlicensed money transmitting business.
“The speed, efficiency, and functionality of stablecoins and other digital assets offer great promise, but that promise cannot be an excuse for criminality,” Clayton said, adding that criminals committing age-old crimes like money laundering undermine the many innovators who operate lawfully.
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We’re behind you @rstormsf
7.8. klo 01.28
🚨NEW: Just caught @rstormsf outside the courtroom. I asked how he was feeling. In a quiet voice, but with a noticeable smile, he told me:
“It’s a big win. The ‘1960’ charge is bullshit and we’re going to fight it all the way. You know how President Trump said ‘fight, fight, fight’? We’ll do that too.”
He expressed relief at not being remanded to jail and mentioned his 5-year-old daughter as one of the reasons he plans to keep fighting the one charge he was convicted on.
He said he’s heading back to Seattle tomorrow.
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US DOJ doesn’t care, and Jay Clayton doesn’t care if you have privacy. They are willing to let this happen to you.
4.8. klo 20.08
4 men in Sweden tortured a 30 year old seeking his crypto. They forced him into the woods, kicked and punched him, poured gasoline over him, threatened to set him on fire, placed pliers to his hand, and threatened to cut off his fingers.
H/T @C4R3Bear
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BlockProf kirjasi uudelleen
My take:
1) This messy verdict speaks volumes. Even after weeks of testimony and underhanded government tactics, they could not convince 12 citizens that privacy software is money laundering.
2) The 1960 guilty verdict is plainly contrary to law -- but it's hard to blame the jury where the government so thoroughly distorted truth. It is imperative that DOJ clarify 1960 so this never happens again.
3) SDNY should not be permitted to retry the deadlocked charges.
Most importantly, we stand with @rstormsf on all the next steps here.
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