The SEC Chair Who Sued Ripple Is Now Prosecuting Roman Storm
2025-07-12 13:12:27
Main Idea
The article discusses the legal challenges faced by Roman Storm, co-founder of Tornado Cash, under the Trump administration's DOJ, highlighting the ongoing regulatory crackdown on crypto and privacy-focused services.
Key Points
1. Roman Storm, co-founder of Tornado Cash, is set to go on trial in New York for his involvement in the coin mixing service.
2. Jay Clayton, former SEC chair under Trump, initiated significant crypto crackdowns, including a $1.3 billion lawsuit against Ripple.
3. Clayton later joined the advisory board of Fireblocks, a crypto custody provider, before being appointed interim U.S. Attorney for the Southern District of New York by Trump.
4. The Trump DOJ has taken a hard stance on privacy-focused crypto services, with Storm's case seen as a pivotal moment for the future of DeFi.
5. Judge Katherine Failla, overseeing Storm's case, previously handled the SEC's lawsuit against Coinbase, which was dismissed under the Trump administration.
Description
Jay Clayton, President Trump’s onetime SEC head, is now top prosecutor at the DOJ office set to take Roman Storm to trial on Monday.
Latest News
- Why Are So Many Crypto Games Shutting Down? Experts Weigh In2025-07-12 19:16:06
- As Bitcoin Matures, Volatility Drops—So Expect Slower Climbs, Say Experts2025-07-12 17:10:56
- Grok 4 Basic Review: $30 a Month for This? Elon Musk's AI Now Thinks Like Him2025-07-12 15:18:37
- The SEC Chair Who Sued Ripple Is Now Prosecuting Roman Storm2025-07-12 13:12:27
- Coinbase, Strategy, Other Bitcoin and Crypto Stocks Soar in Record-Setting Week2025-07-11 22:16:05