Key Notes
- The transfer underscores the Ethereum Basis’s stance that privateness is regular, and writing code is just not a criminal offense.
- Roman Storm faces fees of cash laundering, working an unlicensed cash transmitter, and violating U.S.
- sanctions, with the subsequent trial set for July 14.
- The Twister Money has accused the DOJ of obstructing its trial protection by rejecting 5 out of six proposed knowledgeable witnesses.
Ethereum Basis introduced that it might be donating $500,000 to help the authorized protection of Twister Money founder Roman Storm. Storm is at present dealing with fees over allegations that he was working the crypto mixing providers at Twister Money as an unlicensed cash transmitter.
Ethereum Basis to Match Crypto Neighborhood Donations
Other than pledging the $500K, the Ethereum Basis mentioned that it might it might additionally match up a further $750K in donations that come within the crypto group. In a message on the X platform, the Foundation wrote:
“The EF is donating $500K to the authorized protection of Roman Storm, and we’ll match as much as an additional $750K in donations from the group. Privateness is regular, and writing code is just not a criminal offense.”
The trial of Roman Storm will start on July 14 in New York, as he faces fees of cash laundering, conspiracy to violate US sanctions, and conspiracy to function an unlicensed cash transmitter.
Apparently, this listening to comes because the crypto regulatory panorama in America is present process a significant shift with some crypto-friendly insurance policies of the Trump administration. However regardless of constructive developments, CFTC chair Caroline Pham mentioned they gained’t depart a free finish in addressing prison actions.
Roman Storm’s authorized group moved to dismiss all fees final December 2024 after a choose dominated that the U.S. Treasury’s Workplace of Overseas Property Management (OFAC) had overstepped its authority by sanctioning Twister Money’s good contracts. Earlier this yr, digital capital agency Paradigm additionally invested $1.25 million within the authorized protection of the Twister Money Founder.
Twister Money Founder Says DoJ Blocking Key Witnesses
Roman Storm said that the U.S. Division of Justice (DOJ) is obstructing his protection by rejecting 5 out of six knowledgeable witnesses he proposed for his upcoming trial.
Among the many witnesses, blockchain knowledgeable Matthew Edman was the one one partially accepted. Nonetheless, Storm claimed the DOJ imposed extreme restrictions on Edman’s testimony. This additional limits his capability to supply important insights on blockchain expertise. He mentioned that the DoJ is planning to place an finish to the decentralized finance (DeFi) market. In a message on the X platform, Storm noted:
😔💔 I’m Roman Storm. I poured my soul into Twister Money—software program that’s non-custodial, trustless, permissionless, immutable, unstoppable. In 31 days, I face trial. The DOJ desires to bury DeFi, saying I ought to’ve managed it, added KYC, by no means constructed it. SDNY is attempting to crush…
— Roman Storm 🇺🇸 🌪️ (@rstormsf) June 13, 2025
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Bhushan is a FinTech fanatic and holds a great aptitude in understanding monetary markets. His curiosity in economics and finance draw his consideration in the direction of the brand new rising Blockchain Expertise and Cryptocurrency markets. He’s repeatedly in a studying course of and retains himself motivated by sharing his acquired information. In free time he reads thriller fictions novels and generally discover his culinary abilities.
