NEW TORNADO CASH INDICTMENTS SEEM TO RUN COUNTER TO FINCEN GUIDANCE

Summary from the TLDR Crypto newsletter

Roman Storm and Roman Semenov have been charged with allegedly operating an unregistered money transmitting service. The allegations seem unclear as they appear to have functioned as anonymous software providers within FinCEN's guidelines rather than as money transmitters. The case revolves around whether they had "independent control" over funds transmitted. The specifics of whether they controlled the smart contracts remain ambiguous.