Paradigm supports Tornado Cash developers and calls for clear definition of the legal application of 'fund transfer'

According to Cointelegraph, venture capital firm Paradigm has submitted a friend of the court opinion to the New York District Court, supporting Tornado Cash co-founder Roman Storm and emphasizing the need to provide a clear legal definition of "fund transfer business" to the jury. Paradigm's Chief Legal Officer pointed out that if Storm is convicted, it will pose a serious threat to software development in the fields of encryption and fintech. The case is scheduled to start trial on July 14th.