Key Notes
- The transfer underscores the Ethereum Basis’s stance that privateness is regular, and writing code will not be against the law.
- Roman Storm faces prices 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 skilled witnesses.
Ethereum Basis introduced that it will be donating $500,000 to assist the authorized protection of Twister Money founder Roman Storm. Storm is presently dealing with prices over allegations that he was operating the crypto mixing companies at Twister Money as an unlicensed cash transmitter.
Ethereum Basis to Match Crypto Group Donations
Aside from pledging the $500K, the Ethereum Basis stated that it will it will 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 extra $750K in donations from the group. Privateness is regular, and writing code will not be against the law.”
The trial of Roman Storm will start on July 14 in New York, as he faces prices of cash laundering, conspiracy to violate US sanctions, and conspiracy to function an unlicensed cash transmitter.
Curiously, 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 optimistic developments, CFTC chair Caroline Pham stated they gained’t go away a unfastened finish in addressing legal actions.
Roman Storm’s authorized staff moved to dismiss all prices final December 2024 after a choose dominated that the U.S. Treasury’s Workplace of International 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 acknowledged that the U.S. Division of Justice (DOJ) is obstructing his protection by rejecting 5 out of six skilled witnesses he proposed for his upcoming trial.
Among the many witnesses, blockchain skilled Matthew Edman was the one one partially accepted. Nevertheless, Storm claimed the DOJ imposed extreme restrictions on Edman’s testimony. This additional limits his capacity to supply vital insights on blockchain expertise. He stated 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 needs to bury DeFi, saying I ought to’ve managed it, added KYC, by no means constructed it. SDNY is making an attempt to crush…
— Roman Storm 🇺🇸 🌪️ (@rstormsf) June 13, 2025
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Bhushan is a FinTech fanatic and holds a superb 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.
