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
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