The trial of Roman Storm, co-founder of Tornado Cash, is unfolding with potential exclusions of 2022 sanctions, which may influence the case's direction.
Status of the Trial
Judge Katherine Failla of the Southern District of New York has indicated her inclination to omit references to the 2022 sanctions imposed on Tornado Cash. However, discussions about connections to North Korea and the Lazarus Group hackers remain in play.
Industry Response
The criminal proceedings against Storm have sparked significant reactions within the crypto industry, with many calling for the charges to be dropped, emphasizing that 'writing code is not a crime'.
Potential Implications of the Case
Storm's case is poised to be one of the most significant events in the crypto space, following the recent convictions of major figures such as the former CEOs of FTX and Binance. The outcome may impact future regulations affecting cryptocurrencies and blockchain technologies.
The trial of Roman Storm continues to unfold, and its outcome could have a substantial impact on the future of cryptocurrency regulation. Developments should be closely monitored.
