Roman Storm, co-founder of the privacy protocol Tornado Cash, has announced an urgent fundraising campaign ahead of his trial starting today.
Beginning of Roman Storm's Trial
On July 14, the trial of Roman Storm commenced in Manhattan. Storm is contesting the charges and is turning to the crypto community for support, aiming to raise $500,000 to cover legal expenses.
Charges and Defense
Storm faces charges for conspiracy to commit money laundering and operating an unlicensed money-transmitting business. He maintains his innocence, asserting that Tornado Cash is a decentralized protocol.
Impact on the Crypto Community
The case has become pivotal for the cryptocurrency community, with organizations like the Blockchain Association submitting amicus briefs in support of Storm. The verdict may set a precedent for software developers and privacy tools.
The trial of Roman Storm may significantly influence the regulatory landscape regarding software and privacy within the cryptocurrency sector.
