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Recently, the highly followed crypto tumbler service Tornado Cash case has taken a new turn. According to reliable sources, Roman Storm's defense team has reached an agreement with the prosecution to extend the timeline of the legal proceedings. This decision could have significant implications for the reconsideration of the Money Laundering and sanctions violation charges faced by the co-founder of Tornado Cash.
Judge Katherine Failla of the Southern District of New York has approved a new timetable agreed upon by both parties, postponing the retrial date to the end of 2025. This delay provides the parties with more ample preparation time and may also change the direction of the case.
It is worth noting that on August 6 of this year, the jury reached a consensus on the charges against Storm for operating an unlicensed currency business, finding him guilty. However, the jury was unable to reach a consensus on other charges. Although Storm is expected to face sentencing, no specific sentencing hearing has been scheduled at this time.
This case involves not only Storm personally, but also other co-founders of Tornado Cash, Alexey Pertsey and Roman Semenov, who face legal risks as well. As the case develops, the cryptocurrency industry is closely following this legal process that could have profound implications for crypto tumblers and privacy technologies.
The postponement of this case has also sparked discussions within the industry about the balance between cryptocurrency regulation and personal privacy rights. Some observers believe this may provide lawmakers and industry participants with more time to develop a more reasonable regulatory framework. In any case, the outcome of the Tornado Cash case could have a significant impact on the entire blockchain ecosystem, particularly in terms of privacy protection and anti-Money Laundering compliance.