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.