‘He Lied’: US Gov’s Explosive Opening Statement in Roman Storm Trial – Crypto World Watches Closely
The courtroom drama unfolds as federal prosecutors drop the hammer on Tornado Cash co-founder Roman Storm. Here’s why this case could send shockwaves through DeFi.
The Allegations:
Prosecutors claim Storm knowingly built a tool for criminals—while lining his pockets with crypto. Sound familiar? Another ‘disruptor’ playing fast and loose with regulations until the feds come knocking.
The Stakes:
A guilty verdict would set a brutal precedent for privacy-focused protocols. Meanwhile, ETH whales are dumping tokens—because nothing screams ‘decentralization’ like panic-selling at the first sign of legal trouble.
The Irony:
Storm’s defense will likely argue ‘code is speech.’ Tell that to the jury when the IRS shows transaction logs. Bonus cynicism: If only he’d launched a shitcoin instead—SEC would’ve just slapped him with a $50M fine and called it ‘innovation.’