Tornado Cash Developer Roman Storm Cautions About Risks of Retroactive Prosecution
Legal Concerns for DeFi Developers: Roman Storm, a developer of Tornado Cash, has raised alarms about the potential for retroactive prosecution by U.S. authorities against decentralized finance (DeFi) developers, questioning the legality of creating non-custodial platforms.
Storm's Conviction and Its Implications: Following his conviction for operating an unlicensed money transfer service, discussions have intensified regarding the legal risks for open-source crypto developers, with some legal experts debating the likelihood of further charges against him.
DOJ's Stance on Crypto Regulation: U.S. Department of Justice officials have indicated that coding for privacy without malicious intent should not be criminalized, suggesting a more nuanced approach to regulating crypto innovation.
Ongoing Debate on Privacy and Regulation: The case underscores the tension between the need for privacy in crypto protocols and the regulatory oversight from the government, leaving the future of privacy-centric DeFi development uncertain.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI) As of , DeFi (DEFI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DEFI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, DEFI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000203 | 0.000249 | 0.000292 | 0.000338 | 0.000381 | 0.000427 | 0.00047 |
| Fibonacci | 0.000249 | 0.000283 | 0.000304 | 0.000338 | 0.000372 | 0.000393 | 0.000427 |
About DEFI
About the author
