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Cryptocurrency's Critical Juncture
The recent conviction of Roman Storm, a key developer behind Tornado Cash, on charges of operating an unlicensed money transmitting business has sent shockwaves through the crypto ecosystem. The event underscores the regulatory challenges that continue to dog the industry.
The fallout from this incident highlights two key takeaways: firstly, the urgency for clear and comprehensive cryptocurrency regulations at a global level has never been more apparent. The absence of licensed frameworks leaves projects vulnerable to legal interpretations, impacting the broader market sentiment.
Secondly, and as we've witnessed with Storm's case, the line between compliance and non-compliance is often blurred, leaving individuals and projects open to significant legal risk. This serves as a stark reminder that regulatory clarity is a critical protection for all industry participants.
The crypto community must engage with regulators constructively to foster a conducive environment. We need to emphasize the benefits of this technology while ensuring responsible innovation. #CryptoRegulation #TornadoCash #Compliance
$BTC
$ETH
$BNB
The recent conviction of Roman Storm, a key developer behind Tornado Cash, on charges of operating an unlicensed money transmitting business has sent shockwaves through the crypto ecosystem. The event underscores the regulatory challenges that continue to dog the industry.
The fallout from this incident highlights two key takeaways: firstly, the urgency for clear and comprehensive cryptocurrency regulations at a global level has never been more apparent. The absence of licensed frameworks leaves projects vulnerable to legal interpretations, impacting the broader market sentiment.
Secondly, and as we've witnessed with Storm's case, the line between compliance and non-compliance is often blurred, leaving individuals and projects open to significant legal risk. This serves as a stark reminder that regulatory clarity is a critical protection for all industry participants.
The crypto community must engage with regulators constructively to foster a conducive environment. We need to emphasize the benefits of this technology while ensuring responsible innovation. #CryptoRegulation #TornadoCash #Compliance
$BTC
$ETH
$BNB
BREAKING: Tornado Cash Co Founder Roman Storm GUILTY!
This Could Change Everything for Crypto Privacy!
In a shocking turn of events, Roman Storm the mastermind behind Tornado Cash has been found guilty of operating an unlicensed money-transmitting business. This historic verdict is shaking the very foundation of DeFi and crypto privacy!
What does this mean for decentralized finance?
With the jury deadlocked on more serious charges, one thing is clear: the stakes for privacy coins have never been higher. Tornado Cash is the poster child for a movement, and now, the entire community is bracing for the consequences.
The crypto world is buzzing!
Will this verdict mark the end of DeFi privacy or ignite a new battle for freedom? Roman Storm’s legal fight is far from over and crypto’s future could be decided in the courtroom.
The clock is ticking! This case could define crypto’s next big chapter. Don’t miss the drama as it unfolds.
#CryptoPrivacy #TornadoCash #cryptonews #CryptoRevolution #thecryptoheadquarters
This Could Change Everything for Crypto Privacy!
In a shocking turn of events, Roman Storm the mastermind behind Tornado Cash has been found guilty of operating an unlicensed money-transmitting business. This historic verdict is shaking the very foundation of DeFi and crypto privacy!
What does this mean for decentralized finance?
With the jury deadlocked on more serious charges, one thing is clear: the stakes for privacy coins have never been higher. Tornado Cash is the poster child for a movement, and now, the entire community is bracing for the consequences.
The crypto world is buzzing!
Will this verdict mark the end of DeFi privacy or ignite a new battle for freedom? Roman Storm’s legal fight is far from over and crypto’s future could be decided in the courtroom.
The clock is ticking! This case could define crypto’s next big chapter. Don’t miss the drama as it unfolds.
#CryptoPrivacy #TornadoCash #cryptonews #CryptoRevolution #thecryptoheadquarters
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The founder of Tornado Cash faces legal hurdles, has not yet been convicted of money laundering or sanctions violations
After a three-week trial, founder #TornadoCash , Roman Storm, has been found guilty by a Manhattan court of the charge of "operating an unlicensed money transmitting business." However, he has not yet been convicted of "money laundering" and "violating U.S. sanctions regulations."
Trial outcome and next steps
This verdict means that more serious charges remain open and may continue to be prosecuted. This is a challenging outcome, but it also provides an opportunity for Roman Storm to appeal. The case has garnered significant attention from the cryptocurrency community, which supports privacy and decentralized technology.
Many organizations and influential figures, including Ethereum founder Vitalik Buterin, have voiced their support for Roman Storm, emphasizing the importance of protecting decentralized software developers. Vitalik Buterin even donated 150 $ETH to help cover legal costs.
Impact and precedent
Although the price of the TORN token has sharply declined following the verdict, this case is still seen as a significant milestone. It will set a legal precedent for similar cases in the future involving blockchain developers and decentralized technology, where liability remains ambiguous. Roman Storm's reference to President $TRUMP suggests he is seeking attention from the highest levels of the U.S. government, hoping for a more positive outcome.
After a three-week trial, founder #TornadoCash , Roman Storm, has been found guilty by a Manhattan court of the charge of "operating an unlicensed money transmitting business." However, he has not yet been convicted of "money laundering" and "violating U.S. sanctions regulations."
Trial outcome and next steps
This verdict means that more serious charges remain open and may continue to be prosecuted. This is a challenging outcome, but it also provides an opportunity for Roman Storm to appeal. The case has garnered significant attention from the cryptocurrency community, which supports privacy and decentralized technology.
Many organizations and influential figures, including Ethereum founder Vitalik Buterin, have voiced their support for Roman Storm, emphasizing the importance of protecting decentralized software developers. Vitalik Buterin even donated 150 $ETH to help cover legal costs.
Impact and precedent
Although the price of the TORN token has sharply declined following the verdict, this case is still seen as a significant milestone. It will set a legal precedent for similar cases in the future involving blockchain developers and decentralized technology, where liability remains ambiguous. Roman Storm's reference to President $TRUMP suggests he is seeking attention from the highest levels of the U.S. government, hoping for a more positive outcome.
⚖️ Tornado Cash Dev Guilty on 1 Count – Crypto Privacy on Trial
Landmark Verdict: Roman Storm convicted of unlicensed money transmission, but jury deadlocked on $1B laundering charges tied to Lazarus Group.
🔥 Why This Case Matters
✔️ First-ever criminal conviction of a privacy tool dev
✔️ Sets dangerous precedent for open-source coding liability
✔️ Judge allows Storm to remain free pending appeal
💡 The Bigger Fight
▪️ DOJ failed to prove intent in sanctions violations
▪️ Retrial possible on deadlocked charges
▪️ Crypto’s "tool vs criminal" debate intensifies
#TornadoCash #Ethereum #DeFi #Privacy #CryptoLaw
Should code be speech? 👇 Debate below!
(Not legal advice. Case still unfolding.) ⚖️
Landmark Verdict: Roman Storm convicted of unlicensed money transmission, but jury deadlocked on $1B laundering charges tied to Lazarus Group.
🔥 Why This Case Matters
✔️ First-ever criminal conviction of a privacy tool dev
✔️ Sets dangerous precedent for open-source coding liability
✔️ Judge allows Storm to remain free pending appeal
💡 The Bigger Fight
▪️ DOJ failed to prove intent in sanctions violations
▪️ Retrial possible on deadlocked charges
▪️ Crypto’s "tool vs criminal" debate intensifies
#TornadoCash #Ethereum #DeFi #Privacy #CryptoLaw
Should code be speech? 👇 Debate below!
(Not legal advice. Case still unfolding.) ⚖️
⚖ Roman Storm found guilty in Tornado Cash case 📉 Jury convicts him for operating an unlicensed money service; no verdict on laundering or sanctions charges. #TornadoCash #RomanStorm #Crypto
#DeFi #Privacy TORN Tornado Cash Case Update: Roman Storm Found Guilty - Crypto Economy Roman Storm, co-founder of privacy protocol Tornado Cash, faces an uncertain future after a Manhattan jury delivered its verdict.
#DeFi #Privacy TORN Tornado Cash Case Update: Roman Storm Found Guilty - Crypto Economy Roman Storm, co-founder of privacy protocol Tornado Cash, faces an uncertain future after a Manhattan jury delivered its verdict.
Tornado Cash Co-Founder Found Guilty (Partial).
Crypto privacy developer Roman Storm found guilty of running an unlicensed money-transmitting biz, but jury hung on the heavy money laundering charges. Guilty on one count, but Storm stays free pending sentencing. Drama in the privacy lane. 🕵️♂️
#TornadoCash #CryptoLaw #BinanceTurns8 $BTC $ETH $PEPE
Crypto privacy developer Roman Storm found guilty of running an unlicensed money-transmitting biz, but jury hung on the heavy money laundering charges. Guilty on one count, but Storm stays free pending sentencing. Drama in the privacy lane. 🕵️♂️
#TornadoCash #CryptoLaw #BinanceTurns8 $BTC $ETH $PEPE
Tornado Cash Verdict: Roman Storm Found Guilty on One Charge, Setting a Precedent for Developers
In a case that has sent shockwaves through the crypto industry, Tornado Cash co-founder Roman Storm has been found guilty of one of three charges against him: conspiring to operate an unlicensed money transmitting business. The New York federal jury, however, was unable to reach a unanimous verdict on the more serious charges of money laundering and sanctions violations.
Key Points from the Verdict:
The Verdict: Storm was convicted on the charge of "operating an unlicensed money transfer business," which carries a maximum sentence of five years.
Legal Debate: The core of the case centered on the legal responsibility of developers for how their code is used. Prosecutors accused Storm of knowing that Tornado Cash was being used by criminal entities like the Lazarus Group.
Bail Status: Despite the conviction, Judge Katherine Polk Failla granted Storm's request for bail, stating that "there are still many unresolved issues in this case."
Industry Reaction: The ruling has sparked strong reactions. The DeFi Education Fund is supporting Storm's appeal, arguing that the verdict has "fundamental flaws" and overlooks guidance from FinCEN that developers without control over user funds are not money transmitters.
This case is seen as a major test for the entire crypto ecosystem. The outcome of Storm's appeal and the prosecution's decision on the deadlocked charges will have a lasting impact on how developers of privacy tools are treated under the law.
#TornadoCash #RomanStorm #DeFi #CryptoLaw
In a case that has sent shockwaves through the crypto industry, Tornado Cash co-founder Roman Storm has been found guilty of one of three charges against him: conspiring to operate an unlicensed money transmitting business. The New York federal jury, however, was unable to reach a unanimous verdict on the more serious charges of money laundering and sanctions violations.
Key Points from the Verdict:
The Verdict: Storm was convicted on the charge of "operating an unlicensed money transfer business," which carries a maximum sentence of five years.
Legal Debate: The core of the case centered on the legal responsibility of developers for how their code is used. Prosecutors accused Storm of knowing that Tornado Cash was being used by criminal entities like the Lazarus Group.
Bail Status: Despite the conviction, Judge Katherine Polk Failla granted Storm's request for bail, stating that "there are still many unresolved issues in this case."
Industry Reaction: The ruling has sparked strong reactions. The DeFi Education Fund is supporting Storm's appeal, arguing that the verdict has "fundamental flaws" and overlooks guidance from FinCEN that developers without control over user funds are not money transmitters.
This case is seen as a major test for the entire crypto ecosystem. The outcome of Storm's appeal and the prosecution's decision on the deadlocked charges will have a lasting impact on how developers of privacy tools are treated under the law.
#TornadoCash #RomanStorm #DeFi #CryptoLaw
Ethereum Donates $500,000 to Defend Tornado Cash Developer – A Case That Could Change Everything
The crypto world is on edge. The Ethereum Foundation has stepped up to support the legal defense of Roman Storm, co-founder of the controversial Tornado Cash protocol, announcing a $500,000 contribution just days after a federal jury found Storm guilty on one count of a three-part indictment. He now faces up to five years in prison, and possibly more if prosecutors retry the other charges.
🧾 “Privacy is normal. Writing code is not a crime,” said Ethereum Foundation Executive Director Wei Wang.
Legal advocacy groups have warned that the outcome of this case could set a global precedent for open-source developers.
Charged for Writing Code? The Legal Battle Over Tornado Cash
Storm’s case stems from his role in developing Tornado Cash — a crypto mixer that enables anonymous transactions by blending users’ funds together. The U.S. Treasury claims that since 2019, the protocol has been used to launder over $7 billion, including funds allegedly moved by North Korea’s Lazarus Group.
Federal prosecutors painted Storm as someone who profited from concealing criminal activity, while his defense insists Tornado Cash was designed as a privacy tool for ordinary users, not criminals.
Are Developers Under Siege? Code at the Center of Legal Attacks
Many legal experts are raising serious concerns, warning that U.S. authorities may be overreaching by applying money laundering laws to developers who merely write open-source code and don’t control user funds.
A prominent crypto attorney called the verdict “a dark day for DeFi” and argued that Section 1960 should not apply to non-custodial protocol developers. He urged the courts to overturn what he sees as a dangerous legal misstep.
Meanwhile, Roman Storm has appealed for more support. In July, he requested an additional $1.5 million, citing rapidly escalating legal fees and a defense team working “around the clock” during the intense three-week trial.
Rising Pressure on Crypto Mixer Developers
This week, the founders of another crypto mixer — Samourai Wallet — pleaded guilty to similar charges. They now face up to five years in prison, with U.S. officials claiming the wallet was used to launder over $100 million, calling it a “haven for large-scale money laundering and sanctions evasion.”
Roman Storm’s ongoing legal saga is shaping up to be a landmark case for digital privacy, open-source development, and the future of permissionless technology.
#TornadoCash , #Ethereum , #ETH , #Cryptolaw , #Regulation
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
🧾 “Privacy is normal. Writing code is not a crime,” said Ethereum Foundation Executive Director Wei Wang.
Legal advocacy groups have warned that the outcome of this case could set a global precedent for open-source developers.
Charged for Writing Code? The Legal Battle Over Tornado Cash
Storm’s case stems from his role in developing Tornado Cash — a crypto mixer that enables anonymous transactions by blending users’ funds together. The U.S. Treasury claims that since 2019, the protocol has been used to launder over $7 billion, including funds allegedly moved by North Korea’s Lazarus Group.
Federal prosecutors painted Storm as someone who profited from concealing criminal activity, while his defense insists Tornado Cash was designed as a privacy tool for ordinary users, not criminals.
Are Developers Under Siege? Code at the Center of Legal Attacks
Many legal experts are raising serious concerns, warning that U.S. authorities may be overreaching by applying money laundering laws to developers who merely write open-source code and don’t control user funds.
A prominent crypto attorney called the verdict “a dark day for DeFi” and argued that Section 1960 should not apply to non-custodial protocol developers. He urged the courts to overturn what he sees as a dangerous legal misstep.
Meanwhile, Roman Storm has appealed for more support. In July, he requested an additional $1.5 million, citing rapidly escalating legal fees and a defense team working “around the clock” during the intense three-week trial.
Rising Pressure on Crypto Mixer Developers
This week, the founders of another crypto mixer — Samourai Wallet — pleaded guilty to similar charges. They now face up to five years in prison, with U.S. officials claiming the wallet was used to launder over $100 million, calling it a “haven for large-scale money laundering and sanctions evasion.”
Roman Storm’s ongoing legal saga is shaping up to be a landmark case for digital privacy, open-source development, and the future of permissionless technology.
#TornadoCash , #Ethereum , #ETH , #Cryptolaw , #Regulation
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
🚨 30-Year Prison Sentence For Crypto Mixer Founder
Roman Sterlingov, the mastermind behind the cryptocurrency mixer Bitcoin Fog, is fighting back against a hefty 30-year prison sentence after being found guilty on multiple money laundering charges.
Disputed Conviction and Sentence:
Sterlingov was convicted in March on charges that included money laundering, conspiracy, and running an unlicensed money transmitting business. Prosecutors allege he operated Bitcoin Fog from 2011 to 2021, helping to launder around $400 million in Bitcoin tied to illegal activities like drug trafficking and identity theft.
However, Sterlingov’s defense disputes the extent of his involvement, arguing that he wasn’t responsible for Bitcoin Fog's operations despite being linked to it. They also pointed out that key evidence—such as server logs, private keys, and ledgers—was never presented in court.
A Call for Fairness:
Sterlingov’s legal team argues that the proposed 20 to 30-year sentence is unjustified, especially when compared to similar cases that resulted in lighter penalties. They emphasize that the sentence should reflect his actual role, which they suggest was more about aiding and abetting rather than direct operation.
Judge Randolph Moss initially planned to sentence Sterlingov on August 21 but has decided to first consider the government’s forfeiture order, which includes 1,354 BTC still sitting untouched in a Bitcoin Fog wallet since 2012 and a possible $395 million judgment.
What do you think about this sentencing?
Drop your comment below!
#bitcoin #tornadocash #scam #cryptoscam #hacking
$BTC
Roman Sterlingov, the mastermind behind the cryptocurrency mixer Bitcoin Fog, is fighting back against a hefty 30-year prison sentence after being found guilty on multiple money laundering charges.
Disputed Conviction and Sentence:
Sterlingov was convicted in March on charges that included money laundering, conspiracy, and running an unlicensed money transmitting business. Prosecutors allege he operated Bitcoin Fog from 2011 to 2021, helping to launder around $400 million in Bitcoin tied to illegal activities like drug trafficking and identity theft.
However, Sterlingov’s defense disputes the extent of his involvement, arguing that he wasn’t responsible for Bitcoin Fog's operations despite being linked to it. They also pointed out that key evidence—such as server logs, private keys, and ledgers—was never presented in court.
A Call for Fairness:
Sterlingov’s legal team argues that the proposed 20 to 30-year sentence is unjustified, especially when compared to similar cases that resulted in lighter penalties. They emphasize that the sentence should reflect his actual role, which they suggest was more about aiding and abetting rather than direct operation.
Judge Randolph Moss initially planned to sentence Sterlingov on August 21 but has decided to first consider the government’s forfeiture order, which includes 1,354 BTC still sitting untouched in a Bitcoin Fog wallet since 2012 and a possible $395 million judgment.
What do you think about this sentencing?
Drop your comment below!
#bitcoin #tornadocash #scam #cryptoscam #hacking
$BTC
Morning News Update #Web3
🪙 Vitalik Buterin donates 50 $ETH to Defend Roman Storm’s legal fund via Juice Box, supporting the Tornado Cash developer’s defense.
📊 Crypto VC funding hit $13.6B in 2024, accounting for 4.9% of total $279B investments, with projections reaching $18B in 2025 due to lower interest rates and clearer regulations.
💵 Solana stablecoins grew by $1B in December, bringing TVL to $5B, driven by $USDC at $4B and $USDT at $1B.
📈 Dollar rose 8% in 2024, marking its best year since 2015, driven by strong US economic performance and Trump’s tax and tariff policies.
⛏ Bitcoin miners earned $1.41B in December, the highest since April, with $1.37B from block rewards and $38.9M from fees.
#TornadoCash #Solana #Stablecoins
🪙 Vitalik Buterin donates 50 $ETH to Defend Roman Storm’s legal fund via Juice Box, supporting the Tornado Cash developer’s defense.
📊 Crypto VC funding hit $13.6B in 2024, accounting for 4.9% of total $279B investments, with projections reaching $18B in 2025 due to lower interest rates and clearer regulations.
💵 Solana stablecoins grew by $1B in December, bringing TVL to $5B, driven by $USDC at $4B and $USDT at $1B.
📈 Dollar rose 8% in 2024, marking its best year since 2015, driven by strong US economic performance and Trump’s tax and tariff policies.
⛏ Bitcoin miners earned $1.41B in December, the highest since April, with $1.37B from block rewards and $38.9M from fees.
#TornadoCash #Solana #Stablecoins
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Tornado Cash: “Anonymous Developer” on Trial – What Will Happen to the Freedom to Write Code?
On July 14, Roman Storm, one of the creators of #TornadoCash – an anonymous crypto trading tool – will officially stand trial in New York. Storm is charged with money laundering, violating sanctions, and operating an illegal money transfer service. If convicted, he could face up to 45 years in prison.
⚡ Tornado Cash was developed by Storm and colleagues since 2019, allowing users to mix cryptocurrencies to anonymize ownership. This tool has been accused of helping hacker groups, including North Korea's Lazarus group, launder over 1 billion USD in crypto. The U.S. previously banned Tornado Cash, viewing it as a “national security threat.”
💬 However, the crypto community argues that Storm merely wrote and published the source code, which should be protected as free speech. Vitalik Buterin (Ethereum) warns: “If this precedent is lost, every software developer could be prosecuted just because their code is exploited by bad actors.”
🏛️ The U.S. government argues that Storm not only wrote code but also operated and profited from the TORN token. The defense emphasizes that Storm does not control user funds, only manages the interface.
If Storm is convicted, many fear this will set a dangerous precedent for DeFi and the freedom to develop software. Storm stated: “If I lose, DeFi will die with me.”
🔥 The Tornado Cash trial will be a historical test: Limitations on the freedom to write code or protecting privacy in the crypto world? #anhbacong
On July 14, Roman Storm, one of the creators of #TornadoCash – an anonymous crypto trading tool – will officially stand trial in New York. Storm is charged with money laundering, violating sanctions, and operating an illegal money transfer service. If convicted, he could face up to 45 years in prison.
⚡ Tornado Cash was developed by Storm and colleagues since 2019, allowing users to mix cryptocurrencies to anonymize ownership. This tool has been accused of helping hacker groups, including North Korea's Lazarus group, launder over 1 billion USD in crypto. The U.S. previously banned Tornado Cash, viewing it as a “national security threat.”
💬 However, the crypto community argues that Storm merely wrote and published the source code, which should be protected as free speech. Vitalik Buterin (Ethereum) warns: “If this precedent is lost, every software developer could be prosecuted just because their code is exploited by bad actors.”
🏛️ The U.S. government argues that Storm not only wrote code but also operated and profited from the TORN token. The defense emphasizes that Storm does not control user funds, only manages the interface.
If Storm is convicted, many fear this will set a dangerous precedent for DeFi and the freedom to develop software. Storm stated: “If I lose, DeFi will die with me.”
🔥 The Tornado Cash trial will be a historical test: Limitations on the freedom to write code or protecting privacy in the crypto world? #anhbacong
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US unexpectedly 'turns back': The Department of Justice disbands the cryptocurrency enforcement unit, no longer prosecuting exchanges
In a shocking turn of events in the crypto world, the US Department of Justice (DOJ) has just announced the dissolution of the National Cryptocurrency Enforcement Team (NCET) and has suspended criminal prosecutions against crypto services such as exchanges, coin mixing tools, and cold wallets, unless related to clear crimes such as fraud, rug pulls, or hacks.
This information was disclosed in an internal memo sent to DOJ employees on Monday evening, signed by Deputy Attorney General Todd Blanche. On Tuesday morning, Amanda Tuminelli, the executive director of the DeFi Education Fund advocacy group, publicly announced this memo on social media X.
This information was disclosed in an internal memo sent to DOJ employees on Monday evening, signed by Deputy Attorney General Todd Blanche. On Tuesday morning, Amanda Tuminelli, the executive director of the DeFi Education Fund advocacy group, publicly announced this memo on social media X.
🚨 FORMER SEC CHAIR RETURNS TO PROSECUTE TORNADO CASH DEVELOPER — WHAT IT MEANS FOR CRYPTO
Jay Clayton, the ex-SEC chair who ignited early crackdowns on crypto, is now leading the DOJ’s case against Tornado Cash developer Roman Storm. Storm faces trial this week for conspiracy to commit money laundering and evading U.S. sanctions.
🔹 Clayton initiated the Ripple lawsuit in 2020
🔹 Oversaw 57 crypto-related actions during his SEC term
🔹 Now appointed by Trump as U.S. Attorney for SDNY
🔹 Also advising crypto custody firm Fireblocks
This move has sparked concern across the DeFi space. Despite Trump’s pro-crypto stance, his administration is pushing one of the most high-profile DeFi trials in U.S. history.
Roman Storm warned: “If I lose, DeFi dies with me.”
The outcome could set a precedent—criminalizing open-source development and reshaping the future of decentralized finance in America.
#DeFi #TornadoCash #CryptoRegulation #RomanStorm #JayClayton
Jay Clayton, the ex-SEC chair who ignited early crackdowns on crypto, is now leading the DOJ’s case against Tornado Cash developer Roman Storm. Storm faces trial this week for conspiracy to commit money laundering and evading U.S. sanctions.
🔹 Clayton initiated the Ripple lawsuit in 2020
🔹 Oversaw 57 crypto-related actions during his SEC term
🔹 Now appointed by Trump as U.S. Attorney for SDNY
🔹 Also advising crypto custody firm Fireblocks
This move has sparked concern across the DeFi space. Despite Trump’s pro-crypto stance, his administration is pushing one of the most high-profile DeFi trials in U.S. history.
Roman Storm warned: “If I lose, DeFi dies with me.”
The outcome could set a precedent—criminalizing open-source development and reshaping the future of decentralized finance in America.
#DeFi #TornadoCash #CryptoRegulation #RomanStorm #JayClayton
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Tornado Cash developer Alexey Pertsev released from prison
The cryptocurrency community and privacy advocates around the world are closely watching Alexey Pertsev's legal battle and the Tornado Cash lawsuit.
Tornado Cash developer Alexey Pertsev was released from prison on February 7 and will continue to be under house arrest while preparing his legal appeal.
On February 6, a Dutch court suspended the pre-trial detention order against Pertsev, which began in August 2022 and was extended by a previous court ruling in November 2024.
As part of the pre-trial release, Pertsev must be electronically monitored. "It's not real freedom, but it's still better than prison," the developer wrote in a social media post on February 6.
Pertsev's case has raised alarm bells in the privacy advocacy community, which condemns this legal action as setting a dangerous precedent for privacy-protecting technologies and immutable code developers.
Pertsev was convicted of money laundering; Tornado Cash struggles with U.S. sanctions.
The 's-Hertogenbosch Court of Appeal convicted Pertsev of money laundering in May 2024 and sentenced the software developer to five years and four months in prison.
Dutch court officials found Pertsev guilty despite Tornado Cash developers not controlling the funds passing through the protocol or the protocol itself.
#AlexeyPertsev #TornadoCash
The cryptocurrency community and privacy advocates around the world are closely watching Alexey Pertsev's legal battle and the Tornado Cash lawsuit.
Tornado Cash developer Alexey Pertsev was released from prison on February 7 and will continue to be under house arrest while preparing his legal appeal.
On February 6, a Dutch court suspended the pre-trial detention order against Pertsev, which began in August 2022 and was extended by a previous court ruling in November 2024.
As part of the pre-trial release, Pertsev must be electronically monitored. "It's not real freedom, but it's still better than prison," the developer wrote in a social media post on February 6.
Pertsev's case has raised alarm bells in the privacy advocacy community, which condemns this legal action as setting a dangerous precedent for privacy-protecting technologies and immutable code developers.
Pertsev was convicted of money laundering; Tornado Cash struggles with U.S. sanctions.
The 's-Hertogenbosch Court of Appeal convicted Pertsev of money laundering in May 2024 and sentenced the software developer to five years and four months in prison.
Dutch court officials found Pertsev guilty despite Tornado Cash developers not controlling the funds passing through the protocol or the protocol itself.
#AlexeyPertsev #TornadoCash
Top crypto news for July 4 — IMF halts Pakistan’s Bitcoin mining plans, Tornado Cash trial date set, Bitstamp expands in Asia, and more!
#CryptoNews #BitcoinMining #PakistanCrypto #IMF #TornadoCash #RomanStorm #Bitstamp #CryptoScam #Blockchain #Web3 #CryptoUpdate #CryptoMarket #DigitalAssets #CryptoHeadlines
#CryptoNews #BitcoinMining #PakistanCrypto #IMF #TornadoCash #RomanStorm #Bitstamp #CryptoScam #Blockchain #Web3 #CryptoUpdate #CryptoMarket #DigitalAssets #CryptoHeadlines
🚨BREAKING: DOJ clarifies no plans to prosecute Dragonfly over early Tornado Cash investment.
#TornadoCash #Dragonfly #DOJ #CryptoNews #CryptoMarket
#TornadoCash #Dragonfly #DOJ #CryptoNews #CryptoMarket
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Tornado Cash Escapes Judgment: U.S. Court Defeats Sanctions for the Second Time
In a significant turn of events, a federal court in Texas has ruled that the U.S. Treasury exceeded its authority in imposing sanctions on Tornado Cash, a decentralized encryption protocol. This is the second time the Treasury has failed to regulate immutable smart contracts.
What Does the Court Say?
The ruling confirms that the immutable smart contracts of #TornadoCash cannot be considered "property" under the International Emergency Economic Powers Act (IEEPA). According to the court:
What Does the Court Say?
The ruling confirms that the immutable smart contracts of #TornadoCash cannot be considered "property" under the International Emergency Economic Powers Act (IEEPA). According to the court:
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TORN increases by 100% as Tornado Cash escapes the 'sights' of the U.S. Treasury
According to a statement from the U.S. Treasury, Tornado Cash and several related digital wallet addresses have been removed from the OFAC sanctions list. This move comes after the U.S. Court of Appeals and the Texas District Court ruled that OFAC exceeded its authority.
The judges argued that the smart contract of Tornado Cash cannot be considered as 'property' owned by any foreign individual or entity, and therefore is not within the scope of the International Emergency Economic Powers Act (IEEPA).
Previously, OFAC listed Tornado Cash on the blacklist in August 2022, accusing the platform of supporting North Korean hackers, particularly the Lazarus Group, in laundering over $7 billion in cryptocurrency from cyber attacks.
The decision to remove it is not only a reversal of policy but also reflects a new approach by the U.S. towards blockchain technology.
Treasury Secretary Scott Bessent asserted that the U.S. will continue to closely monitor criminal activities related to cryptocurrency.
Immediately following the announcement, the TORN token price of Tornado Cash surged nearly 100%, from around $7.5 to over $15 in just a few minutes. The crypto community on platforms like X quickly erupted with positive reactions.
Currently, TORN is trading at $10.51, up 23.54% in 24 hours. Trading volume increased by 1,855% to $3.29 million. Tornado Cash's market capitalization stands at $55.26 million.
#Coinbay #TornadoCash #TORN
According to a statement from the U.S. Treasury, Tornado Cash and several related digital wallet addresses have been removed from the OFAC sanctions list. This move comes after the U.S. Court of Appeals and the Texas District Court ruled that OFAC exceeded its authority.
The judges argued that the smart contract of Tornado Cash cannot be considered as 'property' owned by any foreign individual or entity, and therefore is not within the scope of the International Emergency Economic Powers Act (IEEPA).
Previously, OFAC listed Tornado Cash on the blacklist in August 2022, accusing the platform of supporting North Korean hackers, particularly the Lazarus Group, in laundering over $7 billion in cryptocurrency from cyber attacks.
The decision to remove it is not only a reversal of policy but also reflects a new approach by the U.S. towards blockchain technology.
Treasury Secretary Scott Bessent asserted that the U.S. will continue to closely monitor criminal activities related to cryptocurrency.
Immediately following the announcement, the TORN token price of Tornado Cash surged nearly 100%, from around $7.5 to over $15 in just a few minutes. The crypto community on platforms like X quickly erupted with positive reactions.
Currently, TORN is trading at $10.51, up 23.54% in 24 hours. Trading volume increased by 1,855% to $3.29 million. Tornado Cash's market capitalization stands at $55.26 million.
#Coinbay #TornadoCash #TORN
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#Whale Sudden Sell-off of $DAI to Buy $ETH - An Attractive Strategy! 🐋💥
Just 15 hours ago, a whale wallet address suddenly sold off 5,875,000 $DAI and used all of this money to buy ETH. The interesting part is that this #DAI has been accumulated since 2022, and only now has this whale decided to "All-in" on ETH.
Not stopping there, this whale also transferred 1000 ETH to #TornadoCash to shuffle the hash and erase all traces related to this amount of ETH.
Could this be a sign that this whale has started #bullish with ETH, deciding to buy in when prices are low? Or is this just a "winner takes all, loser goes to zero" strategy, full of risks? 🤔
#BullishMomentum
Just 15 hours ago, a whale wallet address suddenly sold off 5,875,000 $DAI and used all of this money to buy ETH. The interesting part is that this #DAI has been accumulated since 2022, and only now has this whale decided to "All-in" on ETH.
Not stopping there, this whale also transferred 1000 ETH to #TornadoCash to shuffle the hash and erase all traces related to this amount of ETH.
Could this be a sign that this whale has started #bullish with ETH, deciding to buy in when prices are low? Or is this just a "winner takes all, loser goes to zero" strategy, full of risks? 🤔
#BullishMomentum
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