Judge Denies Motion to Dismiss in Tornado Cash Money Laundering Case, Roman Storm to Face Trial in December

Sep 26, 2024, 09:10 PM

Judge Katherine Polk Failla of the Southern District of New York has denied the motion to dismiss the indictment against Roman Storm, a developer of Tornado Cash, in a significant ruling for the U.S. Department of Justice. The case, which involves allegations of money laundering, will proceed to trial in December. This decision, announced at 4:30PM ET, is expected to have considerable implications for the cryptocurrency industry, open source developers, and internet freedom. The ruling emphasizes the application of money laundering laws to blockchain-based finance.