Tornado Cash Co-Creator Roman Storm Seeks Additional Funds as Legal Trial Continues
Main Idea
Roman Storm, co-creator of Tornado Cash, is seeking an additional $1.5 million for his legal defense amid a trial that could set a precedent for crypto privacy and DeFi innovation.
Key Points
1. Roman Storm's Legal Defense Fund has raised over $3.9 million, with the Ethereum Foundation contributing $750,000.
2. Storm faces charges of money laundering and violating U.S. sanctions, but his defense argues Tornado Cash is a decentralized tool and its development is protected under the First Amendment.
3. The trial's outcome could influence the future regulation and development of privacy protocols in the crypto ecosystem.
4. Co-creator Alexey Pertsev was convicted of money laundering in the Netherlands in May.
5. The case highlights the tension between privacy tools and regulatory compliance in the crypto industry.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Roman Storm, Tornado
Latest News
- $TUNA soon on Bybit spot2025-07-28 08:17:56
- BNB Market Cap Surges to $119.14 Billion, Surpassing Strategy, SoftBank, and Nike2025-07-28 08:15:42
- Solana Co-Founder Questions Meme Coins’ Value Amid Community Debate on NFTs and Platform Activity2025-07-28 08:02:35
- BTC Price Analysis: Pullback to $111,673 and Breakthrough Above $120,000 Present Prime Buying Opportunities2025-07-28 07:58:30
- H100 Group’s Bitcoin Treasury Strategy May Influence Health-Tech Funding and Corporate Finance Trends2025-07-28 07:57:58