The jury's verdict on Tornado Cash founder Roman Storm is a controversial turning point in the cryptocurrency industry.

The jury in Manhattan concluded that Storm was guilty of conspiracy to operate an unlicensed money transfer business, but they have not reached a consensus on the money laundering and sanctions violation charges. The case has attracted significant attention and strong reactions from the DeFi community and related organizations.

MAIN CONTENT

  • The jury concluded that Roman Storm was guilty of operating an unlicensed money transfer business.

How does the jury's verdict affect Tornado Cash founder Roman Storm?

The Manhattan jury concluded that Mr. Roman Storm was guilty of operating an unlicensed money transfer business. This is the central charge he faced in the recent trial.

This outcome poses challenges for Storm but is not a complete defeat since the charges related to money laundering and sanctions violations have not reached consensus among the jury. This inconsistency also provides an opportunity for Storm to continue appealing and arguing in the next trial.

The verdict reflects the challenges in applying laws regarding cryptocurrency and DeFi activities, where the responsibilities between founders and end users remain legally contentious.

How is the cryptocurrency community and DeFi organizations reacting?

There have been many strong voices supporting Roman Storm from organizations like the DeFi Education Fund and industry groups.

The DeFi Education Fund emphasizes that Storm should not be held responsible for the actions of third parties beyond his control, reflecting a position that protects the transparency and freedom of the DeFi ecosystem.

We are disappointed that the jury did not recognize that Storm is not responsible for the actions of third parties that he cannot control.

Representative of the DeFi Education Fund, 2024

The Blockchain Association also calls for Storm to appeal the ruling, a move that shows the professional community's solidarity in protecting fundamental principles in cryptocurrency development.

How does Roman Storm plan to respond to the ruling?

According to journalist Eleanor Terrett, Roman Storm intends to vigorously refute the charges, arguing that they are baseless and lack factual support.

Storm quotes former U.S. President Donald Trump, saying "fight, fight, fight" to express his determination to legally fight to clear his name and maintain his role in the cryptocurrency ecosystem.

I will fight to the end against these baseless allegations, as they are not my actions.

Roman Storm, founder of Tornado Cash, 2024

Frequently Asked Questions

What was Roman Storm convicted of in the trial?

The jury concluded that he was guilty of operating an unlicensed money transfer business.

Is Storm being accused of money laundering?

The money laundering charges have not reached a consensus by the jury.

How are DeFi organizations reacting to the incident?

What does Storm intend to do after the ruling?

Storm will appeal and respond strongly to the allegations, continuing to defend his reputation.

How does this ruling affect the cryptocurrency industry?

The case highlights the legal difficulties in regulating cryptocurrency activities and responsibilities within the DeFi ecosystem.

Source: https://tintucbitcoin.com/tornado-cash-roman-storm-bi-cao-rua-tien/

Thank you for reading this article!

Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news in the cryptocurrency market and not miss any important information!