Roman Storm, co-founder of Tornado Cash, was found guilty of conspiracy related to operating an unlicensed money transmission business. This verdict could affect the future of decentralized finance and privacy protocols.
Conviction of Roman Storm
Roman Storm was convicted by a Manhattan jury of conspiracy related to operating an unlicensed money transmission business.
Mistrial on Laundering Charges
The jury did not reach a verdict on money laundering and sanctions violation counts, leading to a mistrial on those charges.
Impact on DeFi and Privacy Protocols
The conviction raises concerns in the decentralized finance industry and may deter investments in privacy protocols. Increased regulatory scrutiny could hinder innovation in privacy-preserving technologies.
Roman Storm's conviction emphasizes the need for compliance within decentralized finance. The implications of this decision may reshape the market for privacy technologies.
