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The OFAC lifted the sanctions against Tornado Cash but the charges against Storm were not dropped.
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The legal defense team representing Storm intends to raise $2 million to facilitate the process through trial.
The Ethereum Foundation (EF) has donated $500k towards the legal defense of Roman Storm, a co-founder of Tornado Cash, who was charged by the United States. The EF argued that Storm should not be criminalized for advocating for privacy through writing a mere computer code.
Notably, the United States Office of Foreign Assets Control (OFAC) lifted its sanctions against Tornado Cash on March 21, 2025, following a legal reversal by the Fifth Circuit Court of Appeals. However, the charges against Storm were not dropped and the trial is currently scheduled for July 14, 2025.
As Coinpedia previously reported, Storm is fighting three main charges, including conspiracy to commit money laundering, operating an unlicensed money-transmitting business, and violating the International Economic Emergency Powers Act (IEEPA).
Ethereum Foundation Fights for DeFi Freedom
The case against Storm, which is estimated to cost $2 million in legal fees until the trial next month, has attracted significant attention in the Decentralized Finance (DeFi) space. According to the EF, the attack on Storm for developing Tornado Cash is a direct attack on basic human rights on privacy.
With the DeFi ecosystem seeking to override traditional financial systems, the trial on Storm will be crucial to the future growth prospects for the cryptocurrency market. Furthermore, countries have been pushing to regulate the cryptocurrency market to retain their traditional powers, which have been debunked by the immense adoption of Bitcoin (BTC) and the wider altcoin market.
“The DOJ wants to bury DeFi, saying I should’ve controlled it, added KYC, never built it. SDNY is trying to crush me, blocking every expert witness. If I lose, DeFi dies with me. The dream of financial freedom, the code I believed in—it all fades into darkness. I’m fighting, but the weight is unbearable. This isn’t just my end; it’s ours,” Storm noted.
