Crypto investment firm Paradigm has filed an amicus brief in support of Roman Storm, accused of laundering over $1 billion in crypto via Tornado Cash. The trial is set to begin on July 14.
Overview of the Case Against Roman Storm
In 2023, Roman Storm and his colleague Roman Semenov were charged by the US, claiming they helped launder more than $1 billion in crypto. The case is linked to their activities with Tornado Cash, a service that allows for anonymous fund transfers. The trial is expected to commence on July 14.
Paradigm's Arguments in Amicus Brief
In the amicus brief filed on June 13 in a New York District Court, Paradigm argues that the jury needs to clearly understand that to find Storm guilty, it must be proven that he was consciously operating a money-transmitting business. Paradigm demands that the court ensures these conditions are met.
Opinions of the Firm's Legal Experts
Paradigm's chief legal officer, Kaite Biber, and general counsel Gina Moon commented in their blog that 'the prosecution's argument contradicts the plain text of the law and decades of case law.' They suggested that such charges risk undermining legal protections for ordinary citizens.
The situation surrounding Roman Storm and his case raises significant questions about the legal framework governing cryptocurrencies and how they interact with traditional laws.
