US DOJ claims against Tornado Cash likely pose threat to Ethereum smart contracts

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US DOJ claims against Tornado Cash likely pose threat to Ethereum smart contracts
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The US Department of Justice (DOJ) brought charges against Tornado Cash and co-founders Roman Storm and Semonov with unlicensed money transmission. Cr

Regulators need to clarify their stance on whether software code publication can be criminalized, before key decisions are made in crypto-related cases in the US. Coin Center urged the US Congress to provide more precise crypto regulation.The developer or creator of each cryptocurrency decides on the total number of tokens that can be minted or issued. Only a certain number of these assets can be minted by mining, staking or other mechanisms.

For Bitcoin, the market capitalization at the beginning of August 2023 is above $570 billion, which is the result of the more than 19 million BTC in circulation multiplied by the Bitcoin price around $29,600.Trading volume refers to the total number of tokens for a specific asset that has been transacted or exchanged between buyers and sellers within set trading hours, for example, 24 hours.

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