Recently, hearings concluded in the case of Roman Storm, co-founder of Tornado Cash, who was found guilty of operating an unlicensed money transmitting business.
Charges Against Roman Storm
Roman Storm faced several charges related to operating an unlicensed money transmitting business. He was found guilty of one charge, but the jury could not reach a unanimous decision on other counts, including money laundering.
Jury Deliberation Process
During deliberations, the jury sent several requests to the judge, including requests for transcripts of witness testimonies and clarifications related to the case. According to Judge Katherine Failla, the jury deliberated for a week before announcing that they were deadlocked on two of the charges.
Court Proceedings and Next Steps
As of Friday, the sentencing hearing for Roman Storm had not been scheduled. It is also unclear whether the U.S. government intends to retry the Tornado Cash co-founder on the remaining charges. Storm's defense did not respond to inquiries for comments on the case.
The conviction of Roman Storm raises serious questions about the future of cryptocurrency regulation and law enforcement in this sector.
