Support Grows for Tornado Cash Co-Founder Roman Storm Amid Legal Challenges
- Roman Storm, co-founder of Tornado Cash, faces U.S. charges for alleged money laundering facilitation.
- Venture capital firm Paradigm pledged $1.25 million to support Storm’s legal defense.
- The Electronic Frontier Foundation (EFF) filed an amicus brief backing Storm, citing concerns over privacy-focused software development.
- The U.S. Department of Justice charged Storm and Roman Semenov in August 2023 with money laundering and sanctions violations.
- A Texas court recently overturned U.S. Treasury sanctions on Tornado Cash, ruling that immutable smart contracts are not “property” under the IEEPA.
Paradigm’s $1.25 million donation underscores significant support for Roman Storm as he navigates legal proceedings related to Tornado Cash, with key rulings impacting the case’s trajectory.
Source (2.6)https://decrypt.co/303290/paradigm-eff-tornado-cashs-roman-storm?rand=52368