Key Notes
- The transfer underscores the Ethereum Basis’s stance that privateness is regular, and writing code shouldn’t be against the law.
- Roman Storm faces costs of cash laundering, working an unlicensed cash transmitter, and violating U.S.
- sanctions, with the following trial set for July 14.
- The Twister Money has accused the DOJ of obstructing its trial protection by rejecting 5 out of six proposed professional witnesses.
Ethereum Basis introduced that it might be donating $500,000 to help the authorized protection of Twister Money founder Roman Storm. Storm is presently going through costs over allegations that he was working the crypto mixing companies at Twister Money as an unlicensed cash transmitter.
Ethereum Basis to Match Crypto Group Donations
Other than pledging the $500K, the Ethereum Basis mentioned that it might it might additionally match up an extra $750K in donations that come within the crypto neighborhood. In a message on the X platform, the Foundation wrote:
“The EF is donating $500K to the authorized protection of Roman Storm, and we are going to match as much as an extra $750K in donations from the neighborhood. Privateness is regular, and writing code shouldn’t be against the law.”
The trial of Roman Storm will start on July 14 in New York, as he faces costs 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 optimistic developments, CFTC chair Caroline Pham mentioned they gained’t go away a unfastened finish in addressing prison actions.
Roman Storm’s authorized workforce moved to dismiss all costs final December 2024 after a decide dominated that the U.S. Treasury’s Workplace of Overseas Property Management (OFAC) had overstepped its authority by sanctioning Twister Money’s sensible contracts. Earlier this 12 months, 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 professional witnesses he proposed for his upcoming trial.
Among the many witnesses, blockchain professional Matthew Edman was the one one partially accepted. Nonetheless, Storm claimed the DOJ imposed extreme restrictions on Edman’s testimony. This additional limits his means to offer important insights on blockchain know-how. 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 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 an excellent 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 constantly 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.
