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Will the Tornado Cash trial result lead to new cryptocurrency regulations by June 30, 2025?
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Announcements from regulatory bodies such as the SEC or CFTC, or new legislation
Story
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.
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