The Ethereum Foundation announced a donation of $500,000 to support the legal defense of Roman Storm, co-founder of Tornado Cash, who faces serious charges including money laundering and operating an unlicensed money transmitter. The foundation will also match up to $750,000 in additional contributions from the crypto community. Storm's trial is set to start on July 14, two years after his indictment. His case has received attention as it reflects ongoing regulatory challenges within the digital asset space, particularly concerning privacy and the legality of coding. Storm's legal representatives have argued against the US Treasury's sanctions on Tornado Cash, indicating a favorable ruling for them in December. The case has garnered support from various advocacy organizations within the crypto sector, with prominent figures also backing the push for his defense fund. The situation highlights the pivotal issues surrounding decentralized finance (DeFi) and the implications of regulatory actions on its future.

Source 🔗