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Ethereum Foundation pledges $500K to Roman Storm’s defense

cryptoweekly by cryptoweekly
June 13, 2025
in bitcoin, News
0

Roughly two years after the initial indictment, the Tornado Cash developer’s criminal trial is expected to begin on July 14.

The Ethereum Foundation said it will be donating $500,000 to the legal defense of Tornado Cash co-founder and developer Roman Storm, who faces charges related to allegations he conspired to run the crypto mixing service as an unlicensed money transmitter.

In a Friday X post, the foundation said it would contribute $500,000 to Storm’s defense, as well as match up to an additional $750,000 in donations from the crypto community.

The announcement came roughly a month before Storm is expected to stand trial in New York for money laundering, conspiracy to operate an unlicensed money transmitter, and conspiracy to violate US sanctions.

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  • SEC opens Franklin Templeton XRP, SOL ETF proposals to comments
  • US Senate passes GENIUS stablecoin bill in 68-30 vote
  • 25% Bitcoin price rally set to follow today’s correction if history repeats
  • JPMorgan pushes JPMD pilot on Base, says deposit tokens beat stablecoins
  • Ether price stable near $2.4K as crypto investors bet on long-term growth
  • GENIUS Act could strengthen dollar power, write ‘rulebook’ for global financial system
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