De-fi
Tornado Cash Developer Roman Storm Awaits Judge’s Ruling on Acquittal Bid – Crypto News
Storm’s defense argued his work on the non-custodial mixer was lawful, while prosecutors claimed he profited from money laundering.
A federal judge heard arguments on whether to acquit Tornado Cash co-founder Roman Storm on conspiracy charges, but signaled she may not be ready to make a decision anytime soon.
Judge Katherine Polk Failla of the Southern District of New York presided over a hearing on Storm’s motion for acquittal under Criminal Rule 29, which asks the court to throw out charges when the prosecution’s evidence is legally insufficient. Storm was convicted last August of conspiracy to operate an unlicensed money-transmitting business, but a jury was unable to reach a unanimous verdict on two more serious charges — conspiracy to launder money and conspiracy to violate U.S. sanctions — resulting in a partial mistrial.
Storm’s attorneys argued that Tornado Cash is a legal, non-custodial protocol and that his work maintaining the software does not make him liable for criminal actors who also used the platform. His defense team has maintained since the original trial that Storm had no operational control over transactions and never intended for the protocol to be used by criminals. They further argued that denying the acquittal would effectively criminalize the publication of decentralized software in violation of the First Amendment.
Government prosecutors pushed back, arguing that Storm not only facilitated but also profited from money laundering through the protocol. Prosecutors allege that Tornado Cash processed more than $1 billion in illicit funds, including hundreds of millions linked to North Korea’s Lazarus Group.
Industry Reactions
Patrick Wilson, General Counsel of the Solana Policy Institute, called the prosecution’s expansive framing “alarming,” warning that it could recast otherwise lawful activity as illegitimate once criminals use a non-custodial tool at sufficient scale.
Amanda Tuminelli, CEO of the DeFi Education Fund, attended the hearing and said the government still does not understand the technology at issue. She added that while Failla asked detailed questions, predicting how she will rule is impossible. Given the judge’s focus on scheduling a potential retrial for late 2026, Tuminelli said she expects the case to continue.
If Failla grants the acquittal, prosecutors would need to decide whether to appeal or abandon the case. If denied, Storm faces sentencing on his existing conviction, which carries up to five years in prison, and a retrial on the two remaining charges that prosecutors have asked to schedule for October.
This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.
-
Blockchain4 days agoThis Week in Stablecoins: TradFi Wants Blockchain – Crypto News
-
Technology4 days agoAmazon Exec Predicts Commercial Quantum Computers in 2031 – Crypto News
-
Blockchain1 week agoKraken Pro Launches API Partner Program Supporting Specialized Integrations – Crypto News
-
Blockchain1 week agoDogecoin Reclaims $0.073 As Meme Traders Look For A Cleaner Rebound – Crypto News
-
Blockchain1 week agoDogecoin Reclaims $0.073 As Meme Traders Look For A Cleaner Rebound – Crypto News
-
Blockchain6 days agoKaspersky Uncovers Malware Framework Targeting Crypto Investors – Crypto News
-
Blockchain6 days agoKaspersky Uncovers Malware Framework Targeting Crypto Investors – Crypto News
-
Technology1 week agoCabinet approves ₹1.9 tn push for chips, mobiles to deepen local manufacturing – Crypto News
-
others1 week agoBybit Wins Excellence in Innovation and Strategic Leadership Awards at Peru Blockchain Conference 2026 – Crypto News
-
Technology3 days agoTech Layoffs Hit 2-Year High as Companies Embrace AI – Crypto News
-
De-fi1 week agoDTCC Starts Live Tokenized-Securities Trades With More Than Two Dozen Firms – Crypto News
-
others1 week agoThree Russians Accused of Facilitating $62,000,000 Cybercrime Scheme That Targeted Americans – Crypto News
-
Business1 week ago
Blockchain Association Casts CLARITY Act as Crypto Crime-Fighting Bill – Crypto News
-
Cryptocurrency1 week agoJapan passes the crypto law traders wanted but its 20% tax could still wait until 2028 – Crypto News
-
others1 week agoNumerai Completes Third Strategic NMR Buyback, Bringing Total Repurchases to $3.2 Million – Crypto News
-
Blockchain4 days agoBrazilian Securities Watchdog Takes Closer Look at Tokenization – Crypto News
-
Blockchain4 days agoBrazilian Securities Watchdog Takes Closer Look at Tokenization – Crypto News
-
Technology1 week agoMotorola Edge 70 Max launched in India with Snapdragon 8 Gen 5, 7,100mAh battery: Check price, specs and launch offers – Crypto News
-
Business1 week ago
BlackRock Bitcoin ETF (IBIT) Gets US SEC Approval to Increase Options Contract Limit – Crypto News
-
Business1 week ago
BlackRock Bitcoin ETF (IBIT) Gets US SEC Approval to Increase Options Contract Limit – Crypto News
-
Business1 week ago
BlackRock Bitcoin ETF (IBIT) Gets US SEC Approval to Increase Options Contract Limit – Crypto News
-
Blockchain1 week agoKraken Pro Launches API Partner Program Supporting Specialized Integrations – Crypto News
-
Cryptocurrency1 week agoBitcoin miner CleanSpark signed a $6.6B AI lease before securing the $2.1B required to build it – Crypto News
-
others1 week ago
$10T Morgan Stanley’s E*TRADE Completes Rollout of Spot Bitcoin, Ethereum, Solana Trading – Crypto News
-
Blockchain1 week agoCardano Tests Support As ADA Traders Look For A Better Catalyst – Crypto News
-
Blockchain1 week agoCardano Tests Support As ADA Traders Look For A Better Catalyst – Crypto News
-
Blockchain1 week agoCardano Tests Support As ADA Traders Look For A Better Catalyst – Crypto News
-
Technology1 week ago
Anthropic IPO: Meta Platforms Eyes $10 Bln Deal With Anthropic As AI Race Heats Up – Crypto News
-
Technology1 week ago
Best Leveraged Prediction Market Platforms for Event Traders – Crypto News
-
others1 week agoNumerai Completes Third Strategic NMR Buyback, Bringing Total Repurchases to $3.2 Million – Crypto News
-
Technology1 week agoMicrosoft trains sales team to talk down OpenAI, Anthropic AI models, pitches itself as ‘full AI platform’: Report – Crypto News
-
others1 week ago
US-Iran Update: Oil Prices Surge By 4% as Iran Escalates Fresh Attacks on Gulf Allies – Crypto News
-
Technology6 days agoIs Zepto down? Users hit by mass outage, face disruptions on app and website – Crypto News
-
Technology6 days agoInstagram, Facebook down? Thousands of users report mass outage; netizens say ‘no posts coming up on feed after refresh’ – Crypto News
-
Blockchain3 days agoWall Street Giants Mobilize Tokenized Assets – Crypto News
-
Business1 week ago
U.S.-Iran War Update: Iran Denies Plans for Peace Talks Despite Trump’s Claims – Crypto News
-
Technology1 week ago
U.S.-Iran War Update: Iran Denies Plans for Peace Talks Despite Trump’s Claims – Crypto News
-
Technology1 week ago
U.S.-Iran War Update: Iran Denies Plans for Peace Talks Despite Trump’s Claims – Crypto News
-
Business1 week ago
Robinhood Chain’s $INDEX 150% Rally Turns Trading Fees Into Real Stock Rewards – Crypto News
-
Cryptocurrency1 week agoBitcoin miner CleanSpark signed a $6.6B AI lease before securing the $2.1B required to build it – Crypto News
-
others1 week agoBybit Wins Excellence in Innovation and Strategic Leadership Awards at Peru Blockchain Conference 2026 – Crypto News
-
Technology1 week agoVivo T5 Lite 44W 5G in India with 120Hz display, 6,500mAh battery: Check price and specs – Crypto News
-
Blockchain1 week agoTrump Aide Faces Scrutiny Over $100K in Kalshi Speech Bets: ABC – Crypto News
-
others1 week ago62,150 Americans Warned After ‘Unauthorized Party’ Breaches Healthcare Firm in Houston – Personal and Health Records Potentially Exposed – Crypto News
-
Blockchain1 week agoChainlink Holds Support As CCIP Adoption Becomes A Longer-Term Test – Crypto News
-
Cryptocurrency1 week agoXRP’s Price Health Is on the Line, Did Shiba Inu (SHIB) Finally Bottom? Ethereum’s (ETH) Mini-Golden Cross: Crypto Market Review – Crypto News
-
De-fi6 days ago‘Coinbase Man’ Token Crashes as Armstrong Swaps His Avatar for a CryptoPunk – Crypto News
-
Blockchain6 days agoUniswap Founder Proposes v4 Protocol Fees Across Multiple Networks – Crypto News
-
Blockchain5 days agoSui Launches Gas-Free Stablecoin Transfers At Protocol Level – Crypto News
-
Cryptocurrency3 days agoGalaxy puts $5 million behind Bitcoin’s race to migrate before quantum risk arrives – Crypto News
